It has been 90 days since the US first announced that it intended to pursue an unexpectedly severe tariff policy sending markets cratering. While equity indices have recovered as the timing and impact of these measures continue to be pushed further and further into the future, very serious challenges remain. As seen below, potential tariff levels on the major US trading partners are extraordinarily high, threatening to increase prices and slow growth for the foreseeable future.
July 8, 2025
It has been 90 days since the US first announced that it intended to pursue an unexpectedly severe tariff policy sending markets cratering. While equity indices have recovered as the timing and impact of these measures continue to be pushed further and further into the future, very serious challenges remain. As seen below, potential tariff levels on the major US trading partners are extraordinarily high, threatening to increase prices and slow growth for the foreseeable future.