
Tariffs aren't exactly top of mind for most Americans during the Christmas holidays, but as 2026 approaches, a few trade decisions from President Donald Trump could end up steering everything from the U.S. economy to your portfolio.
A new analysis from Oxford Economics lays out four potential tariff paths for the year ahead, ranging from trade peace to a full-blown war with China, that could send inflation, jobs and Wall Street swinging in dramatically different directions.