U.S. President Donald Trump’s tariffs are here. Inflation, seemingly stuck, might find it more difficult to recede, and markets could face an uphill climb.

Shares in Asian manufacturers tumbled on concern that tariffs will hurt trade in North America and disrupt global supply chains.

Here are some things to know about Trump’s actions, the counters from U.S. trading partners and what it means for American consumers.

Tariffs on goods imported from the U.S.'s three largest trade partners could upend industries from autos to consumer goods to energy. Executives have been able to deflect question