President Trump is expected to announce a plan for new reciprocal tariffs on Wednesday, April 2. See what to expect on "Liberation Day."

Per Derek Guy, 3sixteen co-founder Andrew Chen told his Instagram followers yesterday how his company (and their prices) will be affected by Trump’s new tariffs: It’s April 5, which means the first of Trump sweeping new tariffs — the baseline global tariff of 10 percent — is now in effect.

Modelling of how Trump’s tariffs will hit global trade suggests the US will be the biggest loser – while a few nations may emerge as surprising winners.