President Donald Trump is set to announce a new wave of tariffs today, but what are they? What are reciprocal tariffs. We break it down for you.

President Donald Trump announced sweeping tariffs on most nations Wednesday, which his administration says will free the United States from relying on other countries for trade. The president has framed these tariffs as “reciprocal” to match trade barriers that other countries impose on products from the U.

President Trump said he would impose 25% tariffs on global automotive imports to the U.S., which would be added on top of other tariffs. Here’s what to know. What’s covered? Finished cars and auto parts that aren’t made in the U.