Trump rolls out tariffs on virtually all imports

What happened

President Donald Trump Wednesday unveiled a baseline 10% tariff on all imported goods and steeper "reciprocal" import taxes for specific countries, including 20% for the European Union, an extra 34% for China, 24% for Japan, 46% for Vietnam and 50% for Lesotho.

Hours after his announcement, the Senate voted 51-48 to quash Trump's earlier 25% tariffs on Canadian goods, with four Republicans joining the Democrats. Trump's 25% tariffs on imported cars and auto parts went into effect this morning.