The "Board of Peace" was an idea initially proposed by Trump last September as part of his plan to end the war in Gaza, although the initiative now seems to be aimed at mediating global conflicts more broadly.

“Foreign exporters absorb only about 4% of the tariff burden—the remaining 96% is passed through to U.S. buyers,” the authors of the research wrote in a study, which analyzed $4 trillion of shipments between January 2024 and November 2025.