What are tariffs? How Trump's tariff plan works, who pays them, and how they could affect prices and jobs

US President Donald Trump announced new import tariffs.

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• President Donald Trump has announced a slew of "Liberation Day" tariffs on 60 trade partners.
• Tariffs are meant to raise government revenue, but may also affect prices and employment.
• Here's a guide to tariffs, including who pays them, how they work, and how they affect the economy.

In a much-anticipated speech on Wednesday, President Donald Trump announced "Liberation Day" tariffs...