Understanding Trump's tariff reversals

President Donald Trump has pitched tariffs to address varied US economic and national security concerns, while also generating revenues. And shortly after taking office in early 2025, he ordered a flurry of new tariffs on nearly all countries. But he also quickly eased or abandoned many of them. This process of imposing and reversing tariffs produced four major types of results, in rough chronological order: stabilization of financial markets, concessions from foreign governments, corporate inve

Source: Peterson Institute (PIIE)