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Tariffs have emerged as an urgent topic for many businesses and the world economy and will likely remain a pressing issue for most of 2025. Changes in trade policy are reshaping supply chains, cost structures, and market dynamics at an unprecedented pace, though their impact is complex and not evenly distributed. Business leaders find themselves facing a highly uncertain environment with few parallels to guide them.
Given the web of interdependencies that govern global trade, it’s clear that businesses can’t define and prepare for the path forward using traditional methods. Join McKinsey senior partners Cindy Levy and Shubham Singhal to discuss how business leaders can gain an edge by identifying near-term and long-term strategic actions in the face of rapid changes to trade policy.