A year into President Trump's second term, tariffs and trade disputes have once again become central to U.S. economic policy. Professor Menzie Chinn looks back at the biggest economic trends of the past year and explains how rising tariffs are shaping prices, business decisions, and household budgets. Drawing on his research and public writing, he breaks down what these changes mean for everyday affordability and long-term economic stability.

For more on this topic:

• Check out Chinn's blog, Econbrowser, about current economic conditions and policy

• Read his analysis in EconoFact, The U.S. Agricultural Sector Under Stress