High-tariff world
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Instead of crumbling under the highest U.S. tariffs in almost a century, the global trade system has been recast along new lines. Here are six stories of how.
WSJ· 2025-12-31 10:30
Core Insights - The article discusses how various sectors, including automotive, seafood, furniture, and legal services, are adapting to a high-tariff environment [1] Group 1: Automotive Industry - A global carmaker is facing challenges due to increased tariffs, which are impacting production costs and pricing strategies [1] - The automotive sector is adjusting its supply chain and sourcing strategies to mitigate the effects of tariffs [1] Group 2: Seafood Industry - A Louisiana shrimper is experiencing changes in export dynamics as tariffs affect international trade [1] - The seafood industry is exploring new markets and adjusting pricing to remain competitive under high-tariff conditions [1] Group 3: Furniture Industry - A furniture executive is navigating the complexities of increased tariffs on imported materials, which is affecting profit margins [1] - The furniture sector is considering domestic sourcing options to reduce reliance on imports and avoid tariff impacts [1] Group 4: Legal Services - A lawyer is adapting to the evolving regulatory landscape influenced by tariffs, which may lead to increased demand for legal advice in compliance matters [1] - The legal industry is likely to see a rise in cases related to trade disputes and tariff-related issues [1]