Starting Saturday, all goods imported into the U.S. from anywhere in the world will face a 10% “baseline” tariff.

Donald Trump announced that some countries that he listed as the “worst criminal” have higher interest rates.

Our correspondents have been answering questions about what this means and the impact it may have.

Mike Heafiel, 60, asked Graham Fraser, a senior tech journalist in Preston, what happens to products made in China by American companies, such as iPhones?

A compelling consequence of the tariff announcement was the impact on Apple, whose share price fell 7%.

The U.S. tech giant has suffered the biggest hit among manufacturing bases in some countries – China, especially with 54% tariffs and Vietnam (46%).

In 2019, when Trump was in the White House for the first time, Apple received exemptions from Chinese tariffs. The Apple boss hopes to reach a similar deal this time.

“If Apple cannot get exemptions this time and assumes Apple is hit by the accumulated 54% Chinese tariffs and fails to pass, we estimate a negative impact on the company’s total gross margin of about 9%.”

In February, Apple promised to invest more than $50 billion (£39.6 billion) in the U.S. over the next four years. At the time, Trump claimed that Apple’s support for U.S. manufacturing was partly a response to trade policies, including tariffs.

Paul Miller of Devon asked Deputy Economics Editor Dharshini David about the impact of tariffs on U.S. consumers and whether the UK could make a profit from it.

American shoppers could be the frontline casualties in this trade war, with higher prices and fewer choices regardless of the president’s rhetoric.

This does mean that producers will seek and take advantage of new markets.

We have seen that in the first semester of the president, people like Vietnam and Malaysia used the tariffs he imposed on China to increase the amount they sold to the United States.

Ironically, they are now on the shooting line – thus, likely to compete for more sales in the UK – good for consumers and less for competing businesses

Many producers have turned their attention to established customers – believing that whiskey manufacturers are looking towards Asia. This may intensify.

Trump’s announcement could mean the reproduction of global trade maps as well as our own shopping list.

Jock Scott from Nuneaton asked business journalist Nick Edser if it had any impact on the cost of living in the UK.

As always, there is a lot of uncertainty about what tariffs mean. In some cases, UK prices may rise, while in others, they may fall.

The tariffs announced by Trump on Wednesday will be paid by businesses that import goods into the United States. This means that if U.S. companies pass additional costs, the initial impact of price increases may be on U.S. consumers.

However, some economists believe that tariffs can enhance the value of the dollar to other currencies. If the pound violates the dollar, British companies importing goods from the United States will face higher costs. If the company cannot absorb the increased costs, this could lead to higher prices for these items in UK stores.

Additionally, if the UK government decides to retaliate against tariffs on American goods entering the UK, UK prices may rise if British businesses transfer additional fees to customers.

However, some economists believe prices may also fall due to tariffs.

Swati Dhingra, an economist who sets interest rates and a member of the Bank of England’s monetary policy committee, suggested that companies that normally send their goods to the United States might send them to countries without such high tariffs, such as the United Kingdom, which could lead to a large number of cheap goods.

Robert Jones of Cardiff asked Kevin Peachey of Life Reporter about the impact of tariffs on our pension investments.

There is no doubt that Trump’s announcement of tariffs has caused Move the stock price immediately And it may also have long-term economic impact.

Robert and Stephen mentioned the decline in the value of their pension investments, which would be disturbing for millions of people who have any investment.

Experts say investors have to face economic shocks all the time. By definition, investment requires long-term prospects and strategies. So they urge people not to panic or make knee decisions.

That said, for those who are about to take advantage of their investment, most pension savings will be more worrying as people approach retirement age, although most pensions are transferred to safer shares such as cash or bonds. The state pension will not be affected.

Paul Naldrett, from Windsor, asked business correspondent Marc Ashdown if he was in a UK position outside the EU, which was actually an opportunity, as the EU received a 20% tariff.

Some refer to “Brexit benefits” because the UK only imposes a 10% tariff, rather than the 20% tax rate that is subject to in the EU.

This not only limits the pain that British businesses feel compared to their European neighbors, but also provides trading opportunities.

Exporters from Britain to the United States may have a competitive advantage, and American importers can only face half of the taxes by dealing with British businesses rather than EU businesses.

If the extra cost proves insurmountable, then British companies- and consumers can also benefit from cheaper goods, not the United States.

However, there are concerns that if cheap products (possibly lower standards) flood the UK market, it could have an impact on the local industry.