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Fortune

Jason Ma

Just when Wall Street and Corporate America were looking forward to a year without trade fears, the 'Tariff King' strikes again

Donald Trump Corporate America United States NATO Iran US Federal Reserve

(Credit: Omar Havana/Getty Images)

After a turbulent 2025 that shocked global trade and financial markets, 2026 was shaping up to be a time for the U.S. economy to look past President Donald Trump’s tariffs.

Not so fast.

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