Overview

• The U.S. now has the highest tariff rates among industrialized nations, roughly ten times higher than key trading partners.
• Economists predict severe price hikes on everyday goods as nearly all tariff costs are passed to consumers.
• Academic analysis suggests the economic pain from these tariffs is fifty times greater than those imposed during Trump’s first term.
• Supply-chain disruptions could lead to job losses, with low-margin imports like toys and earbuds disappearing first.
• Experts highlight policy unpredictability as a key driver of economic uncertainty, freezing household and business planning.