President Donald Trump unveiled sweeping tariffs on dozens of countries that run trade surpluses with the U.S., including major trading partners such as the European Union, China and Japan. He also imposed a minimum 10% tariff on all imports.

Mr. Trump announced last week that vehicles and auto parts imported into the U.S. will be subject to a 25% tariff rate. The auto tariffs are expected to go into effect at midnight, just hours after the latest round of tariff announcements by the president Wednesday afternoon.