Tariffs: Virtuous or vicious cycle?

Tariffs: Virtuous or vicious cycle?

Will tariffs lead to a virtuous cycle of decreasing trade barriers or a vicious cycle of increasing costs to nations around the world? Craig Allen, former president of the U.S.-China Business Council, posed the question at the 2025 MEMA Aftermarket Suppliers Global Summit in Miami. Only time will tell he said, as he tried to make sense of the U.S. government’s decision to impose new or additional tariffs on partnering countries.   “What we don’t…