New research: Tariffs didn’t raise costs. They raised the execution standard.

The tariff environment that emerged in 2025 restructured modern U.S. trade. Duty brackets that didn’t exist in 2024 suddenly held tens of thousands of entries. Effective rates layered across multiple policies collapsed cost predictability almost overnight. What followed wasn’t a return to normal. It was a sequence of adaptations — some reactive, some structural — […] The post New research: Tariffs didn’t raise costs. They raised the execution standard. appeared first on F...