What tariffs could mean for US workers, consumers and the economy

President Trump’s Wednesday tariff announcement was larger in scope than many businesses and policy analysts were predicting, with the imposition of a 10 percent general tariff on imports to the U.S. and additional targeted tariffs on dozens of other countries.

The taxes on U.S. importers of foreign products are a major unilateral escalation of Trump’s trade war, though the White House has been describing them as “reciprocal” due to long-standing trade deficits run by the U.S. and higher tariffs in some countries.