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By Jose Maria Barrero | Nick Bloom | Steven J. Davis | Kevin Foster | Aaron Jalca | Brent Meyer
On July 8, a 90-day pause on reciprocal tariffs ended. Only to be extended, for the most part, until
How Long Will Tariff-Related Uncertainty Last? Business Execs Are Split
Summary
- Tariff-related uncertainty has skyrocketed since February 2025.
- The presence of tariff-related uncertainty is highest for manufacturing firms, a heavily trade-sensitive sector, where nearly 90% of execs reported facing tariff-related uncertainty in June.
- As of mid-June, a slight majority of firms see a relatively quick end to trade policy uncertainty, but a large cohort expect the fog of uncertainty to persist awhile.
The Atlanta Fed's macroblog provides commentary on economic topics including monetary policy, macroeconomic developments, financial issues and Southeast regional trends. Authors for macroblog are Dave Altig and other Atlanta Fed economists.