Higher Tariffs Take Toll on Global Growth, and Impact Is Set to Linger

Core Insights - The impact of higher U.S. taxes on imports is less severe than previously anticipated, but it is expected to continue affecting the market through next year and beyond [1] Group 1 - The anticipated effects of increased import taxes are lighter than fears suggested, indicating a more manageable adjustment for companies [1] - The persistence of these tax impacts suggests that companies will need to adapt their strategies to mitigate ongoing costs associated with imports [1]