Tariffs – What’s the End Game? | First Quarter, 2025

Tariffs – What Is the End Game?

Tariffs function as a tax on imported goods, with U.S. businesses—not foreign governments—footing the bill, often passing costs to consumers. The administration aims to use tariffs both to encourage domestic production and as leverage in negotiations with trade partners on broader issues like immigration and drug control. While their use is not new, tariffs are clearly poised to become a much more prominent policy tool than in recent decades.

AI Catalyst for Energy Pipelines

While the new administration sees tariffs as a long-term economic tool, they acknowledge short-term challenges, including potential inflation and market uncertainty. The unpredictability around which tariffs will be implemented—and for how long—is already causing delays in business investment and market volatility. Though forecasts suggest a modest rise in inflation and a slight dip in growth, current projections remain far from recessionary or extreme scenarios.

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Read more from our first quarter Your Family’s CFO Report, here.

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