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Can Trade War Tensions Between the U.S. and China Lead to Changes in the Global Supply Chain?

Higher manufacturing costs due to aluminum and steel tariffs have already forced supply chain changes on American companies. Subsidies to U.S. farmers are not expected to offset the downturn in equipment purchases hitting manufacturers.

 

Some companies may be considering alternative methods of production to avoid impacts of the trade war on their supply chain. Experts warn to proceed with caution. Swift changes in trade patterns can mean that your imports/exports will more likely be reviewed during its journey. Thoroughly document your manufacturing and procurement practices and speak with experts to clarify the procedures affecting your supply chain.

 

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