Navigating Tariff Turbulence

This chapter explores the repercussions of new tariffs on semiconductors and pharmaceuticals, emphasizing the need for domestic production and the resulting instability in trade policies. Through discussions of major companies like Apple and NVIDIA, it highlights the challenges faced by smaller businesses amid rising costs and uncertainty in the investment landscape. The chapter calls for strategic economic policies to support domestic businesses and address the disparities created by offshoring incentives.