• Court uncertainty continues: U.S. courts have not yet given a final decision on the legality of several major tariffs, keeping existing import duties active and creating uncertainty for global trade.
• Businesses feel pressure: Higher import costs are forcing many U.S. companies to raise prices or change supply chains, while some domestic manufacturers are benefiting from reduced foreign competition.
• Trade deficit impact: U.S. imports have slowed due to tariffs, helping narrow the trade gap as fewer foreign goods enter the country.
• India-US trade tension: Trade talks between the U.S. and India have slowed, with warnings of higher tariffs on selected Indian exports if negotiations fail.
• Russia-related tariff threats: The U.S. has signaled possible additional tariffs on countries continuing trade with Russia, especially in energy markets.
• Inflation debate: Some economic studies suggest tariffs may temporarily control inflation, but experts warn of long-term risks to growth and employment.
