One year ago, Donald Trump stood in a sun-kissed, unpaved Rose Garden and defiantly announced a new era of global trade, raising tariffs on countries worldwide and sending shock waves through the global economy. In February, the Supreme Court ruled that Trump had exceeded his authority by bypassing Congress to impose tariffs on an emergency basis. “One year in, Trump’s tariffs have only generated higher prices, economic disruption, frayed alliances, and manufacturing job loss.”Farmers in New Delhi take part in a March 19 protest demanding a minimum support price for crops. Seven in 10 Americans believe that tariffs have increased their costs of living, according to a recent poll, including 64% of Republicans and 67% of independents. “The real damage from the tariffs — and their uneven unwinding — is not captured in headline GDP figures,” Sohn added.

Source: Los Angeles Times April 02, 2026 16:02 UTC