– Import tariff-driven trade rivalry between the US and mainland China continued to evolve rapidly in the past week. In new research, we take a deep dive into the implications of mainland China’s wide-ranging 84% tariffs on US imports, and review the Trump administration’s plan to restructure its “reciprocal” tariff package.
– Our outlook for US supply chain activity finds that the pre-emption of tariffs may have driven a 10.2% surge in US seaborne imports in March, but looking ahead, there is the prospect of a slowdown in activity later in the year.
– An...