All weekend long, there’s been a nonstop flood of talk and worse about what the tariffs the Trump Administration plans to impose early Tuesday on Canada, Mexico, and China actually mean.

Details are still coming out, some alarming, some not-so-alarming, and there’s been a lot of discussion.

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Financial markets began to react at 6 p.m. ET on Sunday when futures markets opened lower.Ā Here’s a rundown of the tariffs and their meaning.

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What did President Trump do on tariffs?

He signed orders on Saturday that impose 25% tariffs on goods imported from Canada and Mexico and a new 10% tariff on goods imported from China. A break for the energy industry: The tariff is 10% on crude oil imported from Canada. Canada is the largest exporter of crude oil to the United States. Most is piped to refineries in the Midwest.

Who are the tariffs aimed at?Ā 

Right now, the tariffs are only aimed at Canada, Mexico and China. There is a little confusion on this point. On the Presidential Actions page of the White House website, the order is listed as “Imposing Duties to Address the Flow of Illicit Drugs across our National Border.” Clicking on the link brings one to “Imposing Duties to Address the Flow of Illicit Drugs across our Northern Border.”

When do tariffs take effect?

12:01 a.m. ET. Tuesday. Some shipments already on their way to the United States may not be subject to the tariffs if the shippers can prove when the shipping process began.

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What products might be affected?

Motor vehicles may see the most impact. U.S. manufacturers routinely move parts to and from Mexico and Canada.Ā A third of General Motors’Ā  (GM) Ā sales come from vehicles made in Canada or Mexico.Ā China produces most of the world’s personal computers and cell phones. Apple’sĀ  (AAPL) Ā iPhone is assembled in China, Vietnam and India.

Mexico, meanwhile, is the biggest source of fresh vegetables and fruits in the United States during the winter.

Canada ships crude oil, wheat and other farm products to the United States. It also produces 75% of the world’s maple syrup.

Manufacturers in the Toronto area make the landing gears for BoeingĀ  (BA) Ā jetliners. Boeing couldn’t pass the tariff costs on to consumers.

How would the economies of the three countries fare with new tariffs?

About 80% of Canada’s exports flow to the United States.Ā Canada might be plunged into recession. Mexico might, too.

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