– US President Donald Trump’s first week in office has started to bring clarity to the policy outlook for supply chains in 2025 and beyond. In new research this week, we examine the America First Trade Policy and note that while tariffs may not arrive until after the April 1 reporting date for several agencies, they could be imposed at any time. – We have also produced an in-depth review of how other countries and regions may react or respond, including retaliation, appropriation and cooperation. Our pricing and procurement team have also updated their forecasts, and we ta...