Uncertainty around US tariffs accelerates retailers’ rethink of their supply chains
President Donald Trump has set off a new wave of trade uncertainty with fresh tariffs and continued threats of additional tariffs. Earlier this month, the Trump administration imposed a 10% tariff on Chinese imports while threatening 25% tariffs on goods from Canada and Mexico, though those measures are on hold as negotiations continue. With China already enacting retaliatory tariffs and speculation growing over possible levies on the European Union and the UK, the situation remains highly fluid.
President Donald Trump has set off a new wave of trade uncertainty with fresh tariffs and continued threats of additional tariffs. Earlier this month, the Trump administration imposed a 10% tariff on Chinese imports while threatening 25% tariffs on goods from Canada and Mexico, though those measures are on hold as negotiations continue. With China already enacting retaliatory tariffs and speculation growing over possible levies on the European Union and the UK, the situation remains highly fluid.
