The week-long talks, known as INC-5, ended in a deadlock over objections to the inclusion of cuts to plastic production in so-called ambition countries.
Dan Swartz of Crowe LLP speculates on how the new Trump Administration will impact tariffs on China and other U.S. trading partners, as well as the U.S.-Mexico-Canada Agreement.
The U.S. Commerce Department announced December 2 it will expand the list of companies on the so-called “entity list,” and would limit exports of high-bandwidth memory chips to China.
The de-listing follows a pledge by Panama’s maritime authority in October to penalize vessels sanctioned by the U.S., European Union, U.K. and United Nations.
To adapt to shifting trade policies, U.S. manufacturers should focus on supply chain resilience, cost-efficient production through automation, and recurring revenue through monetization and servitization.