– The US Trump administration’s announcement of “reciprocal” tariffs and revised de minimis shipping rules reduce the tariff uncertainties facing supply chain decision-makers, but could significantly increase costs for consumer goods sectors including apparel, toys and smartphones.
– Tariff issues are not just limited to the US. The EU is reviewing imports of industrial chemicals to determine whether tariffs are needed, while mainland China is pausing duties on French brandy again and Vietnam has outlined a package of tariff-reducing measures.
– Industrial supply chains are a...