From CNBC.

On April 2, 2025, President Trump introduced higher ‘reciprocal’ tariff rates for U.S. importers. Since then, companies and entire countries have worked to reduce their trade tax bills by altering supply chains and striking deals with the White House. The Supreme Court then determined that many of these heightened tariff rates lacked sufficient legal backing, setting off a fresh wave of uncertainty across the international business community, which could see heightened operating costs in the near-future. CNBC’s Megan Cassella reports.

Reporter: Megan Cassella
Produced by: Ashlee Trujillo
Edited by: Carlos Waters
Senior Managing Producer: Shawn Baldwin
Additional Footage: Getty Images
Additional Sources: Penn Wharton Budget Model, Tax Foundation

» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision

About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.

Want to get ahead at work with AI? Sign up for CNBC’s new online course, Beyond the Basics: How to Use AI to Supercharge Your Work. Learn advanced AI skills like building custom GPTs and using AI agents to boost your productivity today. Sign up today: https://cnb.cx/4qKBe6H

Connect with CNBC News Online
Get the latest news: https://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC
Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC
Follow CNBC on Threads: https://cnb.cx/threads
Follow CNBC News on X: https://cnb.cx/FollowCNBC
Follow CNBC on WhatsApp: https://cnb.cx/WhatsAppCNBC

#CNBC

Where Trump’s Tariff Rates Are Headed