As global supply chains continue to face challenges in 2024, a potential paradigm shift in U.S. trade policy looms on the horizon. The prospect of dramatically increased tariffs—up to 60% on Chinese imports and 10%-to-20% across all other trading partners, including Mexico—threatens to fundamentally reshape the global supply chain landscape.
This dramatic shift in trade policy poses a particular challenge to companies that have recently invested in nearshoring and friendshoring strategies, forcing a comprehensive reevaluation of global supply chain designs.
