President Donald Trump's tariffs were touted as a tool for winning trade concessions from other countries. Those benefits are so far few and far between.
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"Negotiating trade agreements could be a multi-year process, " said Anthony Rapa, co-chair of the international trade practice at the law firm Blank Rome. "We're going to get deeper into the summer and deeper into the year before we really know what this starts to look like."
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"There's been an impact in terms of business planning, in terms of anticipating the response, in terms of not exactly knowing what the future holds," Rapa said.
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"Trump’s Tariffs Have Yet to Force Down Any Major Trade Barriers," by Diccon Hyatt was published in Investopedia on June 14, 2025.
