Why Trump's tariffs had plenty of bark, but limited bite

Donald Trump's tariffs, once feared to cripple markets, have had a surprisingly muted impact, with actual levies lower than headline rates. While consumers bore the brunt, leading to inflation, the economic hit appears statistically insignificant in the short term. However, ongoing trade uncertainty and the potential for a 'slow burn' economic damage, akin to Brexit, remain significant concerns for the future.

Raccontata daeconomictimes.indiatimes.com