Donald Trump is planning to ramp up his ill-advised tariffs and place them on “trillions” of dollars in imports. The Washington Post reports that most U.S. imports will get hit with the new fees on April 2,

A value-added tax is a system of taxation widely used worldwide, although the United States is one of the few outliers that does not use it.

Most economists say tariffs are tax hikes, not cuts, since the added costs are largely passed to consumers through higher prices