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Navigating the Impact of Trump's Tariffs: Key Changes and Strategies for Businesses
The Trump administration’s latest tariffs have pushed rates on Chinese imports to 54%, with global steel and aluminium tariffs hitting 79%. Learn how these changes impact sourcing, shipping, and costs, plus strategies to mitigate the impact.
Welcome to this weeks Sourcing Spotlight Newsletter. In today’s ever-evolving global marketplace, businesses must stay agile to thrive amidst shifting trade policies, changing costs, and emerging sourcing opportunities. This week we talk TARIFFS!
The latest wave of U.S. tariffs is set to disrupt global supply chains, with rates on Chinese imports soaring to 54% and steel/aluminium tariffs climbing to 79%. Businesses importing from Canada, Mexico, and the EU aren’t spared either, with fresh tariff hikes sparking global retaliation threats.
Beyond rising costs, U.S. Customs enforcement is tightening, eliminating de minimis exemptions for Chinese e-commerce shipments and cracking down on tariff evasion. So, what does this mean for your sourcing strategy?
From supplier negotiations to HTS code optimisation and logistics cost-cutting, there are ways to stay ahead of these changes. But timing is critical—businesses must act fast.
Read the full breakdown and get actionable strategies here, click the link.
And that’s a wrap for this weeks newsletter….
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