Tariffs keep changing, but the risk of putting all your production in one place doesn’t. David Lafitte, CEO of Tecovas, tells @ElizabethGoreUS on The Big Idea that contingency planning, a more diversified manufacturing base and dual sourcing help manage supply chain risk. He also talks about working with factories to share the pain of cost increases before passing them on to shoppers. Watch the full episode on Yahoo Finance.

Tariffs added 2.9 percentage points to consumer goods inflation at their February 2026 peak, per New York Fed research. Without them, goods prices would have fallen slightly. Since then, the effect has faded fast, after the Supreme Court struck down Trump’s emergency tariffs. The NY Fed now expects tariffs to actually pull goods inflation below zero into early 2027.

Tariffs are on the ballot, per the Cato Institute 75% of voters say tariffs will matter to their midterm vote, per a new Cato/Morning Consult poll. 74% say tariffs have raised prices, including 66% of Republicans. Only 21% believe foreigners mainly pay them.

Tariffs were pitched as the fix for America’s trade deficit. Instead… Last 20 Months: –$2.06 trillion deficit in Goods. 20 Months Prior: –$1.92 trillion deficit in Goods. The deficit didn’t shrink. It increased 8%.

Tariffs are turbocharging American manufacturing. Josh Jager from American Axle shared how tariffs are supercharging American manufacturing and incentivizing companies to reshore jobs and production lines back to American soil.