CIPS

Supply chain insights: US tariff plans

26 February

Supply chain insights: US tariff plans

Initial policy plans include new tariffs on mainland China, delayed action against Canada and Mexico, a proposed reciprocal tariff system, a wide range of investigations, and the potential for other early, large-scale duties.

Key findings include:

  1. Tariffs will slow global economic growth, while damaging supply chain relationships between the US and other countries or regions, most notably with mainland China, Mexico and Canada.
  2. The Trump administration has taken early action, including new tariffs on imports from mainland China, additional duties on steel and aluminum, delayed actions against Canada and Mexico and proposals for a reciprocal tariff policy. A series of reviews is being carried out by the Departments of Commerce and Treasury as well as the USTR through early April.

Download S&P Global's strategic report to learn about the consequences of current and future tariffs under the Trump administration.

S&P Global

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