Key Points
- U.S. President Donald Trump’s decision to reimplement tariffs after the Supreme Court struck some down only served to aggravate global trade tensions.
- As uncertainties rise, foreign governments and big businesses are likely to adopt more cautious stances on investments as well as imports and exports, particularly on deals that involve the U.S. — an outcome that’s likely to hurt the U.S. economy.
- Amid Trump’s tariff threats, some countries are diverting their trade to China, which saw a spike in its exports and imports at the end of last year, according to Chinese customs data.
