Insurance industry analysts, economists, and trade associations have continued to look at the potential effect of President Trump’s tariffs.
About a month after Trump looked to impose steep tariffs on China, Mexico, and Canada, the administration on April 2 applied at least a 10% tariff on all exporters to the U.S.—with dozens of countries seeing higher, in some cases much higher, tariffs. Plus, a 25% tariff applies to all imported cars and parts.
The stock market has since been in turmoil as investors deal with rumor, hear from business leaders, and try to figure out