Martin Reeves
Mihnea Moldoveanu
Adam Job
Tariffs remain a cornerstone of President-elect Trump’s economic policy, as well as an all-purpose tool of geopolitical leverage (e.g. addressing illegal immigration) and for his domestic agenda (e.g. raising revenue for tax cuts). There is little clarity about protagonists, process, or priorities—and no certainty about policy. Yet executives and investors must grapple with the prospects for big swings in tariffs.