Part 7/10:
As we move into mid-2023, the persistent use of tariffs as a strategic tool—both to address trade imbalances and as leverage in geopolitical negotiations—continues to inject unpredictability into the business environment. Companies are grappling with fluctuating timelines, unpredictable duties, and operational chaos, all of which hinder planning and investment.
This uncertainty erodes consumer confidence, prompting households to cut back on spending while companies reconsider hiring and expansion strategies. Data indicating declining auto sales over two consecutive months exemplify this trend. Consumers and firms alike are adjusting their behavior amid the turbulence.