President Donald Trump’s long-awaited tariffs took effect Thursday, imposing sweeping new taxes on imports from dozens of countries. Economists say American consumers and companies will pay the price.

Post Reports is the daily podcast from The Washington Post. Unparalleled reporting. Expert insight. Clear analysis. Everything you’ve come to expect from the newsroom of The Post, for your ears. Martine Powers and Elahe Izadi are your hosts, asking the questions you didn’t know you wanted answered. Published weekdays around 5 p.m. Eastern time.