People are bracing for some supply chain implications and are trying to understand what that's going to be.

Steve Lamar

As you look at the way these negotiations are shaping up, you must certainly think: not only will it take a while for the talks to reach their full conclusion, but there's going to be enforcement mechanisms, i would imagine punitive tariffs are going to be with us for a while.

It's never been a good time for these tariffs, and now is a particularly bad time for them.

When it comes to trade policy, the administration is moving very slowly.

That is why we need governments to work together and with global financial institutions to make sure there are enough financial resources to keep supply chains solvent, so they can keep workers employed during these crises, common sense measures like deferring tariff payments and fully funding loan programs for retailers — now largely closed — are just two of the tools all governments should be implementing.