Trump has responded to threats of digital services taxes with threats of more tariffs, arguing that "only America should be allowed to tax American firms," Reuters reported. In February, Trump issued a memo calling for research into the best responsive measures to counter threats of digital service taxes, including threatening more tariffs.

But Corporate America has to learn to speak a new language — one that informs shareholders and customers about the effects from tariffs while avoiding reaction from Trump on social media or a threat from him or his administration to punish or investigate a company.

Importers are bringing in more goods with a recent tariffs pause, but not enough to guarantee retail store shelves won't run low, or empty in the months ahead.

The Trump administration’s upending of trade norms could help usher in a new economic order—but only if done right.