Confusion remains over degree to which new 15% global tariff will sit on top of some historical charges and state of US-EU trade accord

Donald Trump has introduced tariffs on goods coming into the US from most countries around the world. The US president argues that the taxes will boost domestic manufacturing and create jobs. But critics have warned of higher prices for consumers and damage to the global economy.

You can’t scroll through your phone without seeing the word tariffs. It appears in every other headline. Everyone from TV pundits to social media stars are duking it out over whether they’re good for the country and for consumers’ wallets. At this ...