Tariffs are not new. Recent history tells us this. Under both the Trump and Biden administrations, we saw their impact grow. In fact, the Biden administration not only maintained, but also expanded many of the tariffs introduced during Trump’s presidency. But here’s what’s interesting: U.S. companies have adapted. The pandemic accelerated changes in global supply chains, pushing many businesses to move operations closer to home—not just because of tariffs, but also to mitigate risks posed by global disruptions like COVID-19. As we look ahead, there’s still much to be decided. Tariffs could remain a key tool for negotiation, and market feedback will likely influence the direction policymakers take. While some things are a continuation of past strategies, the future of global trade is far from settled. What’s your take on how tariffs will impact businesses?
