On April 2, 2025, President Trump introduced higher ‘reciprocal’ tariff rates for U.S. importers. Since then, companies and entire countries have worked to reduce their trade tax bills by altering supply chains and striking deals with the White House. The Supreme Court then determined that many of these heightened tariff rates lacked sufficient legal backing, setting off a fresh wave of uncertainty across the international business community, which could see heightened operating costs in the near-future. CNBC’s Megan Cassella reports.
Reporter: Megan Cassella
Produced by: Ashlee Trujillo
Edited by: Carlos Waters
Senior Managing Producer: Shawn Baldwin
Additional Footage: Getty Images
Additional Sources: Penn Wharton Budget Model, Tax Foundation
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Where Trump’s Tariff Rates Are Headed
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