The Trump administration announced a new suite of trade measures on dozens of countries Wednesday. And if the new rules have your head swimming, you're not alone.

In short, Canada was spared the worst of it, but the current measures will still have massive implications for this country and the rest of the world. 

Here are answers to some frequently asked tariff questions.

OK, so what happened yesterday?

U.S. President Donald Trump announced sweeping new tariffs on most of the world in front of a cr…