The Rising Importance of National Security in Trade

In today's global economy, national and economic security has gained precedence over the level of trust with trading partners, leading to a push for protective measures. As geopolitical tensions rise, the implications for tariffs are significant, with various predictions about their scope and effect on corporate profits and the economy. There is consensus that tariffs will be implemented in some form, but their variation across countries and sectors will impact consumers differently. This creates uncertainty, as the market navigates between potential inflationary effects and the intricate balance of pricing strategies from producers and consumers.