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April 24, 2025
| This week’s procurement news and insights for supply chain leaders
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NOTE FROM THE EDITOR
Since President Donald Trump unveiled his reciprocal tariff plans earlier this month, we’ve been hearing about talks between the U.S. and countries targeted by the duties.
With most of those increased levies on pause until July, nations like Japan, Vietnam, India and the U.K. have all met with the Trump administration or signaled a willingness to make concessions. But what about China?
The country is currently subject to a combined tariff toll of 145%, not counting sector-specific duties. However, despite Trump's claims that China has been in negotiations with the U.S., the message from Beijing has a much different tenor.
On Thursday, China’s Ministry of Foreign Affairs said that the U.S. and China are not currently engaged in negotiations around tariffs, a day after Trump said the two countries have been in contact “every day.”
How is your company traversing the up-and-down nature of trade negotiations? I’d love to know! Send me an email at pneuffer@industrydive.com.
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Philip Neuffer
Senior Editor, Supply Chain Dive
Email
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UPDATED
The country will allow a certain amount of U.S.-assembled cars to be imported duty-free provided companies maintain domestic production and investment levels.
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Deep Dive
While major firms like TSMC and Nvidia have announced massive U.S. investment in recent weeks, experts are skeptical the policies will lead to a widespread revitalization of domestic manufacturing.
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The chipmaker will work with TSMC, Foxconn, Amkor and others to produce its Blackwell chip and other AI infrastructure in Arizona and Texas.
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CEO Robert Ford told investors the company had considered raising its earnings forecast for 2025, but decided to maintain it in light of the new tariffs.
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The France-based luxury brand’s decision is meant to offset the impact of an additional 10% tariff on exports from the European Union to the U.S.
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Cliff Engle will oversee the company’s global distribution and logistics operations as it implements tariff mitigation strategies.
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