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Section 301 tariffs have been key in U.S. trade strategy against China, targeting unfair practices and broader priorities. Continued under the Biden administration, these tariffs are likely to persist even if a Democrat remains in office in 2025. #manufacturing #supplychain #SCM #tariffs #Section301 #Trump2024

Good article. Legal experts discuss the possibility of increased tariffs, trade policy shifts, and regulatory challenges, all of which could significantly affect supply chain operations and costs for U.S. businesses.

The effect of tariffs on supply networks What was the effect of the 2018 U.S.-China Trade War tariffs on US firms? Did they protect the firms and their supply chain partners—as intended? Zachary Rogers , Sina Golara , Yousef Abdulsalam and Dale Rogers conducted an event study to analyze the effects of four discrete suites of tariffs on the firm value of 691 publicly traded U.S. firms across 74 industries.Their results demonstrate that implementing the 2018 tariffs had an overall negative impact on firm value, leading to a decrease in the value of domestic producers within the protected industries and mixed financial effects on firms in their supplier and customer industries. #TradePolicy #SupplyChain #Tariffs #EconomicImpact #TradeRelations https://lnkd.in/eGQjDCiT Carmela Di Mauro Steven Carnovale

https://lnkd.in/ed9p82jm Understanding Tariffs: A Comprehensive Guide for Professionals In today's interconnected global economy, understanding tariffs is crucial for business leaders and policymakers alike. These taxes on imported goods and services can significantly impact trade policies, consumer prices, and national industries. Key takeaways from our latest research: • Tariffs can be used for revenue generation, industry protection, and national security • Specific tariffs and ad valorem tariffs have different impacts on trade • The U.S. has a long history of using tariffs to protect domestic industries • Tariffs can lead to unintended consequences, including higher consumer prices and trade wars As professionals, it's essential to stay informed about these complex economic tools. How do you think tariffs will shape international trade in the coming years? Share your thoughts and let's discuss the future of global trade policies. #InternationalTrade #EconomicPolicy #GlobalBusiness

New Post: The Effect Trade Tariffs Have on Global Supply Chains - https://lnkd.in/e9X3T3ij been a lot of talk about tariffs lately, and this blog post will explore the effect trade tariffs have on global supply chains. Read here for more.

"𝗗𝗼𝗻𝗮𝗹𝗱 𝗧𝗿𝘂𝗺𝗽’𝘀 𝗿𝗲𝗰𝗲𝗻𝘁 𝗮𝗻𝗻𝗼𝘂𝗻𝗰𝗲𝗺𝗲𝗻𝘁 𝗼𝗳 𝘁𝗮𝗿𝗶𝗳𝗳𝘀 𝗼𝗻 𝗠𝗲𝘅𝗶𝗰𝗼, 𝗖𝗮𝗻𝗮𝗱𝗮, 𝗮𝗻𝗱 𝗖𝗵𝗶𝗻𝗮 makes it clear that he is committed to a protectionist course, even if such policies come at a cost to the United States itself," said Julian Hinz, a trade policy expert at the Kiel Institute and at Bielefeld University. "Particularly alarming are the measures targeting Mexico and Canada, the United States’ most important trading partners, with whom Trump negotiated a trade agreement during his first term. For the European Union, this sends a clear signal: it must prepare for a similarly protectionist U.S. trade policy directed against the EU. For the EU economy, the U.S. remains one of its most significant bilateral trading partners. Tariffs or other protectionist measures would directly hurt European exports. Even more concerning, however, would be the long-term damage caused by a weakened WTO and the fragmentation of the global trade order into competing blocs. To prevent further escalation, the EU could propose a sector-specific trade agreement with the U.S. Such an agreement might help mitigate short-term economic losses on both sides and rebuild trust in transatlantic relations. At the same time, the EU should diversify its trade relationships and rapidly develop the capability to defend itself militarily without U.S. assistance to strengthen its negotiating position. Preserving the global trade order must remain the EU’s top priority. A collapse of the WTO would economically harm the EU far more than U.S. tariffs. Trump’s announcement underscores the need for a strategic and united approach by the EU, with all member states acting in concert. 📸 © stock.adobe.com | Graham

New Post: The Effect Trade Tariffs Have on Global Supply Chains - https://lnkd.in/e2T-hCUN been a lot of talk about tariffs lately, and this blog post will explore the effect trade tariffs have on global supply chains. Read here for more.

The Impact of Trade Tariffs on Global Supply Chain Strategies#TradeTariffsImpacts #GlobalSupplyChain #SupplyChainStrategies #NearshoringDiversification #TradePolicyAdvocacy #LogisticalFrameworks #ClimateChangeImplications #RenewableEnergySector #TradeUncertainties #EconomicSecurity #GlobalTradeNetworks

The Impact of Trade Tariffs on Global Supply Chain Strategies#TradeTariffs #GlobalSupplyChains #RegulatoryCompliance #Nearshoring #Diversification #TechnologicalAdvancements #PolicyAdvocacy #ClimateChange #EconomicSecurity #EnergyTransition #LogisticsFrameworks

Ex-US officials: Tariffs come with a cost Despite the challenge and the political sensitivity surrounding de-risking of economic and trade ties with China, two US former economic officers said that decoupling the two economies would be a mistake. At a recent webinar titled "Balancing Economic Prosperity and National Security", Charlene Barshefsky, former US trade representative, and Amy Celico, a former US economic officer who worked in China, discussed the challenges of negotiating a bilateral investment treaty since 2010. Both women, who are now directors for the National Committee on US-China Relations (NCUSCR), said the bilateral relationship is competitive, with varying degrees of tension. But it has been punctuated by intermittent cooperation and a resumption of selective dialogue. Barshefsky, in talking about former US president Donald Trump's tariffs on China that started in 2018, said that the import duties were not strategic and affected lower-income households in particular. "Tariffs are taxes, and they are not paid by the exporter. They're paid by the importer," she said. However, on May 14, President Joe Biden increased tariffs on Chinese-made electric vehicles (EVs), lithium-ion EV batteries, battery parts and solar cells. EV tariffs have been quadrupled and will reach 100 percent. Tariffs on lithium-ion EV batteries and battery parts have more than tripled, increasing to 25 percent, while those on solar cells have doubled, reaching 50 percent. Asked if the latest tariffs are necessary, Barshefsky said she is "not particularly fond of tariffs". "I'm not a trade-barrier kind of person. I'm a fair-trade advocate who likes to see a level playing field," she said. Barshefsky said that it was a "very hard" policy choice for the Biden administration, given the current economic challenges in the US. Celico questioned the tariffs' impact on economic prosperity, whether they are justified for national security purposes, and if the US should compete with a country that operates under a different set of rules. "And thinking about balancing economic prosperity with national security, we are paying a cost over this set of policies," Celico said. There's no question that "we're paying a cost", said Barshefsky. As "most governments aren't philosophically oriented … they're the here and now oriented." Many economists, who continue to favor less restrictive trade with China, have criticized both US presidential candidates' plans — not simply because they risk raising prices for American shoppers. Barshefsky, known globally as the architect and negotiator of China's World Trade Organization (WTO) agreement, which opened China's economy as a worldwide market, recognized that the idea behind WTO accession is not to create uniformity among countries, as countries are inherently different. "It's not about establishing the same economic system everywhere. Instead, the goal is to foster greater compatibility between different economic models," she said.