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

A substantial majority of American business leaders are planning for U.S. tariffs to stay elevated for years — and that’s a reasonable expectation, according to trade specialists at PwC.

By Victor Reklaitis

Executives expect to keep dealing with tariffs for years — no matter who is in the White House, a new survey says

A supermajority of executives now view tariffs as a "permanent planning assumption," a PwC survey found. Martin BERNETTI / AFP via Getty Images Tariffs are now a fact of life for businesses, executives said in a survey last month. Many expect President Donald Trump's signature economic policy to outlast his presidency. The sentiment marks a shift from several years ago, when many thought Joe Biden would scale back tariffs. Tariffs are the new normal, and executives know it. A supermajority ...