New US tariffs can do more than raise import costs — they can reshape supply chains, nudge up consumer prices, and alter how companies source goods around the world. Here’s what they mean for global trade, everyday purchases, and the businesses caught in the middle.

The 2026 global trade outlook points to a slower pace for international commerce as weaker demand, higher borrowing costs, and geopolitical tensions reshape cross-border business. While trade is far from collapsing, companies should expect a more cautious environment and plan accordingly.