President Donald Trump's "reciprocal' tariffs against U.S. trading partners went into effect at midnight Wednesday, raising costs to import goods from China, Europe Southeast Asia and more.

Canadian Prime Minister Mark Carney placed counter-tariffs on U.S. vehicles that are not compliant with the United States-Mexico-Canada Agreement in response to President Donald Trump’s tariffs. On Feb.

Trump has repeatedly called April 2 "Liberation Day." He is expected to enact reciprocal tariffs on major trading partners, especially those that contribute the most to the $1.2 trillion U.S. trade deficit.