There are a few permutations of how we get out of this mess, but regardless, the landscape of the global economy will be forever changed because of these universal tariffs. Just so everyone is on the same page – a tariff is a tax to be paid on a particular class of imports or exports. And the United States just placed tariffs on every other country. The apparent goal here is to negotiate some form of reduced or free trade agreement with individual countries for specific goods and services, while reshoring manufacturing of certain industries back to the United States from countries that cannot or will not negotiate a trade deal. Again, this is speculative, because as mentioned above – no one really knows.