The Atlantic Council's Sophia Busch breaks down what the July 31 tariff announcements mean for US importers and the economy. What impact will the tariffs have on US importers and consumers? What is the new regulation around the transshipment of goods, and why does it matter? For more details on the tariffs levied against each country, check out the Atlantic Council GeoEconomics Center's Trump Tariff Tracker here: https://www.atlanticcouncil.org/programs/geoeconomics-center/trump-tariff-tracker/