Earlier this month, President Trump affirmed that he would follow through on the U.S.’s previously announced tariffs with our three largest import trading partners: 25% on imports from Mexico and Canada (though only 10% on Canadian energy products) and an additional 10% (20% total) on Chinese imports. Equity markets sold off on the news and volatility spiked. While there are still several unknowns, we would like to provide you with some important perspectives to better understand the recent market volatility.

Understanding Tariffs and Their Impact on Trade

Tariffs are a topic that affects everyone, from everyday shoppers to large-scale businesses. But what exactly are tariffs, and why do they matter? In the PDF below, we'll break down the basics of tariffs, explore the repercussions to our largest import trading partners, and discuss the potential impacts and benefits of trade diversification.