How Trump's Proposed 10% Tariff on China Could Reshape Supply Chains
President Donald Trump's announcement of a 10% tariff on China-based imports, set to take effect as early as February 1, is poised to send ripples through global supply chains. This move, tied to concerns over fentanyl importation from China into Mexico and Canada, is part of a broader push by the administration to reevaluate U.S. trade policies. While the specifics of these tariffs remain under review, their potential implications are already being felt across industries. In this blog, we’ll explore the likely effects of these proposed tariffs on businesses, supply chain strategies, and the broader economy, highlighting the challenges and opportunities they present. The Immediate Impact of the Tariffs The 10% tariff on Chinese imports, along with discussions of 60-100% tariffs, adds another layer of uncertainty for global businesses. According to a recent survey of more than 3,500 supply chain executives conducted by DP World and Economist Impact: 40% o...