Trump tariffs could climb even further—to the highest since 1872—before they ease again as a cycle of retaliation and escalation plays out
President Donald Trump’s “Liberation Day” tariffs are already sending rates to the steepest levels in a century, but they could go even higher. According to a note from UBS analysts on Friday, the latest salvo of import taxes will send the effective rate to 25%, up from 2.5% before the 2024 election. But it’s not … Read more