Containers are stacked at the port in Qingdao, Shandong Province, China, on July 8, 2025. STR/AFP via Getty Images
It’s been three months since President Donald Trump introduced sweeping global tariff plans that upended international trade. During this period of uncertainty, businesses have proactively responded by reassessing prices and adjusting supply chains.
Shortly after announcing reciprocal tariff rates on U.S. trading partners, Trump issued a self-imposed 90-day deadline, implementing a baseline universal tariff rate of 10 percent, giving businesses a bit more time to acclimate to changes in global commerce.
