Trump's 'Liberation Day' tariffs shifted global trade. Which countries gained the most? Which lost? And who is footing the bill?

One year after Trump's "Liberation Day" tariffs, global trade flows have shifted. Trade data shows which countries gained, which lost — and who is footing the bill.

Key takeaways

Quick scan — what you need to know:

• One year after Trump's "Liberation Day" tariffs, global trade flows have shifted.
• Trade data shows which countries gained, which lost — and who is footing the bill.

Background

What led here, in plain terms:

• Day" tariffs, global trade flows have shifted. Trade data shows which countries gained, which lost — and who is footing the bill.
• Full context often emerges as officials, markets, or courts add updates.

Why it matters

Why readers and decision-makers should care:

• One year after Trump's "Liberation Day" tariffs, global trade flows have shifted.
• Trade data shows which countries gained, which lost — and who is footing the bill.