Why elevated U.S. tariffs could stick around for years — even after Trump leaves office

PwC trade specialists say a substantial majority of U.S. business leaders are planning for tariffs to remain elevated for years, making a prolonged higher-tariff environment the base case. The article signals ongoing cost and supply-chain headwinds rather than an immediate shock, but it is negative for corporate planning and trade-sensitive sectors. Market impact is modest and likely reflects sentiment and outlook adjustments more than near-term price moves.

Analysis

PwC trade specialists say a substantial majority of U.S. business leaders are planning for tariffs to remain elevated for years, making a prolonged higher-tariff environment the base case. The article signals ongoing cost and supply-chain headwinds rather than an immediate shock, but it is negative for corporate planning and trade-sensitive sectors. Market impact is modest and likely reflects sentiment and outlook adjustments more than near-term price moves.