As Trump’s Tariffs Spark Global Trade Panic, Art Remains an Exception—at Least for Now

President Trump’s “Liberation Day” tariff announcement on April 2 sent shockwaves through global markets and triggered retaliatory tariffs from the nation’s key trade partners, resulting in a historic crash across U.S.-based stocks. The new tariffs, which went into effect a few days later, consist of a base level of 10 percent applied to imported goods entering the U.S. from all countries, with higher reciprocal tariffs targeting sixty other nations—including some nations that were, until very recently...