During the past year, President Donald Trump has imposed sweeping and steep tariffs on most imported goods with the intent to reduce trade deficits and bolster US-based manufacturing.
The near-term effects have been monumental both in and outside of the United States by reshaping global trade, raising the effective tariff rate to levels not seen in more than a century, upending the regular course of business and supply chains, and driving uncertainty as well as costs higher for some businesses and consumers.
The massive shift in US trade policy hasn’t come without some twists, with one of the biggest occurring last week: The US Supreme