Beijing’s threat to use its dominance of rare earths in the trade war risks serious disruption to U.S. industry, by starving manufacturers of components commonplace in everything from cars to dishwashers and military equipment.
Taiwan, home base of many of the world’s top producers of electronics, is helping its companies to seek out new Asian manufacturing hubs outside China as skyrocketing U.S. tariffs threaten to splinter the global tech supply chain.
President Trump weighed in on the state of trade negotiations with China, saying the U.S. is on the cusp of taking in massive tariffs from China — at odds with his economic adviser, who conceded Sunday that U.S. companies and consumers would pay the tariff bill.
A year after tariffs on more than 1,300 Chinese goods first sent importers reeling, the news supply chain managers everywhere have been dreading is finally here.
Christian Pedersen, head of ocean product and revenue management at Maersk, discusses the uncertainty created by trade tensions between the U.S. and its global partners.