Deep dive into 2025’s shifting U.S. tariffs, from ‘Liberation Day’ to China and India moves, with inflation impacts, court challenges, and holiday retail risks.

U.S. levies on Chinese goods like toys, footwear and furniture could rise sharply if a deal is not approved by Tuesday’s deadline.

A last-minute Trump executive order means US businesses get a slight reprieve on tariffs. They'll continue to pay 30% versus 145% until Nov. 10 unless the US and China can reach a deal.