The US Administration has increased tariffs on ChinaIn this week’s Forkliftaction News, we report on the GEP Global Supply Chain Volatility Index which shows Asian supply chains are at their busiest since June 2022 while the US and Europe’s supply chains remain under-utilised. One of the report authors describes the situation as being “as stable as it’s going to get”.
Meanwhile, the US Administration has again signalled an increase in tariffs for Chinese imports to the tune of an additional 100%, in response to China’s plan to restrict rare earth exports.
Beijing has responded by again threatening to retaliate with its own increase in tariffs for US imports. The turmoil and uncertainty around what the tariffs will look like is set to continue for the immediate future at least. We will keep you informed as events unfold.