Answering your questions about President Trump’s vast new tariffs

WASHINGTON (AP) — After weeks of anticipation and speculation, President Donald Trump followed through on his tariff threats this week by declaring a 10% baseline tax on imports from all countries and higher tariff rates on dozens of nations that run trade surpluses with the United States.

Global markets cratered the day after the announcement and then fell further when China announced it would retaliate with tariffs equal to the ones the U.S. is imposing.

In announcing what he has called reciprocal tariffs...