The effects of President Donald Trump’s tariffs are starting to be felt across the globe, with his blanket 10% tax on imports now in effect. Much steeper tariffs are set to go into place by midweek, after a weekend that saw mass protests across the nation.

President Donald Trump said he pushed his so-called Liberation Day from yesterday to today to avoid April Fool’s Day—“because then nobody would believe what I said.” Now, instead of falling on a date devoted to pranks, Trump’s announcement about a new wave of reciprocal tariffs comes at a moment when his White House is facing a sobering reality.

President Donald Trump has routinely declared tariffs as one of the most beautiful words in the dictionary and has regularly accused foreign countries of ripping off the U.S.