The Cost of Trade: How Tariffs are Reshaping Business in 2025
Tariffs, or taxes on imported goods, are one of the oldest tools in a policymaker’s kit. In theory, they’re designed to protect domestic industries, generate government revenue, or exert geopolitical leverage. In practice, they can create ripples (and sometimes waves) that touch everything from consumer prices to corporate strategy. In 2025, those waves are already hitting and hitting strong. Companies across sectors are reporting rising costs, shifting supply chains, and growing uncertainty—reminding us that while the concept of tariffs may be old, their effects are as immediate as today’s headlines.