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Likely import tariffs to restructure global supply chain under Trump: Report
The Daily Guardian
|November 20, 2024
A deeper analysis reveals a second layer of risk targeting countries that benefit from reshoring trade trends linked to China. For example, mainland China's trade surplus with Vietnam grew by 25.1 percent between 2021 and September 2024, translating to an $11 billion increase.
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US President-elect Donald Trump is poised to make import tariffs the cornerstone of his economic and geopolitical agenda, potentially triggering another round of global supply chain restructuring, according to S&P Global Market Intelligence.
Analysts suggest that the policy, continuing a trajectory set during Trump's first term, could create significant uncertainty for global trade and supply chain planning.
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