We get asked about tariffs all the time. Here's what we say

The tariff era is here.

After some delays and many adjustments, most of President Trump's tariffs kicked in this week, setting a 15% rate on most countries, though some others such as India could face much higher import taxes.

All in all, the U.S. has now imposed the highest tariff level since 1933, according to the latest calculations from the Budget Lab at Yale, with an average tariff rate of 18.6%.

So what will this all mean for the U.S. — and for you? Here are the answers to the five questions we tend to hear most often while covering the economy for NPR.

Yes, we'll probably have to pay more for stuff

Higher prices are likely inevitable. That's because most economists believe the costs of the tariffs will be split: between the exporter overseas, the companies importing things