TrumpNEW YORK (AP) — US President Donald Trump has launched tariff wars with nearly all of America’s trading partners. And there’s no end in sight.A number of sweeping new taxes on goods from other countries are already here — and more took effect on Wednesday. Trump has promised higher rates for his latest and most severe volley of duties, which he calls “reciprocal” tariffs.With so many back-and-forth tariff actions and threats, it can be tough to keep track of where things stand. Here’s a rundown of what you need to know.What tariffs took effect on Wednesday?Trump announced his latest — and most sweeping — round of tariffs on April 2, which he dubbed “Liberation Day,” as part of his “reciprocal” trade plan. In a fiery speech claiming that other countries had “ripped off” the US for years, Trump declared that the US would now tax nearly all of America’s trading partners at a minimum of 10% — and impose steeper rates for countries that he says run trade surpluses with the US.The 10% baseline already went into effect on Saturday. And when the clock struck at midnight, the higher import tax rates on dozens of countries and territories took hold.The steeper levies run as high as 50% — with that biggest rate landing on small economies that trade little with the US, including the African kingdom of Lesotho. Some other rates include a tax of 47% on imports from Madagascar, 46%