Trade Wars of the Moment

From a first look at Trump's Reciprocal Tariffs announced on 2 April 2025 and all developments since, businesses based in the UK and the EU dealing with supply chains involving the US and any of the countries listed and especially China, should consider immediate cost savings related to double taxation (by means of Customs Special Procedures) and focus on reviewing their Bills of Materials and the respective countries of origin/processing to draw conclusions on implications. Transport routes and storage/manufacturing options should be reviewed depending on business circumstances and procurement options. 

In any case, one should probably not take any abrupt decisions or start frenetically restructuring supply chains and let the dust settle unless this is truly business critical already. 

Much of Trump's policy seems to be set on pressuring countries/Customs Unions to renegotiate current trade terms.

Please get in touch if you need help with further exploring these topics. Businesses trading in goods from China may find special opportunities in the UK and the EU where it comes to circumvention of US tariffs.

#ImportExport #TariffsCircumvention #ChinaUSTariffs #InternationalTrade #SupplyChainSolutions #OriginOfGoods #Manufacturing #Transit #ChineseGoods #UKGoods #EUGoods