Analysts Warn of Costs and Chaos Amid US Tariff Uncertainty

‘It will eventually mean that other countries and regions trade more with each other than with the U.S.,’ economics author Michael O'Sullivan said.

Container ships and oil tankers wait in the ocean outside the Port of Long Beach-Port of Los Angeles complex in Los Angeles on April 7, 2021. Lucy Nicholson/File/Reuters

News Analysis

As tariffs put in place by the Trump administration begin to take hold, America’s trading partners and industries are struggling to calculate what the ramifications might be.