“That doesn't mean that different countries aren't being hit in different ways, but at a broad level for world trade, we don't see the tariffs in the U.S. — the tariff actions — as creating a large shock the way they did in 2025,”

Robert Staiger · said 2026-07-16 · reported 2026-07-16

Staiger told CNBC that while different countries are affected differently, U.S. tariff actions are not creating a large shock to world trade.