This analysis from the CSIS Economics Program and Scholl Chair in International Business unpacks the April 2 tariff announcements from the White House.

Key Takeaways The U.S. has imposed heavy tariffs on a multitude of trading partners around the world, dealing a heavy blow to the system of free trade built in the decades since WWII.The "Liberation Day" tariffs,

It comes as the president recently announced a 25% tariff on imported vehicles and some auto parts among other tariffs.