Trump’s sweeping new tariffs, on top of previous levies and retaliation worldwide, are expected to increase prices for everyday items. The trade wars have already roiled financial markets and plunged businesses into uncertainty — all while economists warn of potentially weakened economic growth and heightened inequality.

Tariffs have been front and center in the second Trump administration, and so far, they have coincided with a lot of economic angst, such as with the recent stock market correction. But it's