President Donald Trump indicated this afternoon that the United States is planning to levy tariffs on about $60 billion of designated imports from China, as well as impose restrictions on technology transfers to pressure China to curtail what the U.S. considers unfair trading and investment practices.
Global Trade Issues
Supply Chain Matters alerts readers to growing speculation that the Trump Administration is seeking to impose tariffs on upwards of $30-$60 billion of Chinese imports. Such tariff actions should trike immediate alarm bells for technology and other industry supply chains.
Supply Chain Matters highlights current significant price hikes and severe supply shortages occurring in the North America based lumber supply sector. The same scenario could play out in metals under similar conditions.
President Donald Trump today announced his intention to impose steep global tariffs on U.S. steel and aluminum imports, contrary to counsel from some trade advisors. Such an action could likely have an added cost impact for many U.S. manufacturers and their associated inbound component costs that have relied on imports of steel and aluminum.
This Supply Chain Matters commentary reflects of announcements made by the Trump Administration to slap steep tariffs on the importing of solar panels and washing machines into the United States. The takeaway from this week’s trade actions by the United States is the potential trip wire of cascading retaliatory actions that can impact existing industry supply chain sourcing and manufacturing strategies.