MetalMiner just reported that the Trump administration, in its efforts to curb imports it maintains are harmful to U.S. industry, may just have injected more volatility into the landscape for domestic manufacturers.
The European Union is worried about a “trade policy readjustment” from President Trump’s team, which could evidently include tariffs placed on the bloc’s metals and materials imported into the U.S.
The Section 232 investigation has mainly put China and its imports into the crosshairs, but now the EU is concerned that these new tariffs would “unjustifiably hit” EU nations, according to Cecilia Malmström, the EU trade commissioner.
What does this mean for U.S. manufacturers — and will events such as this affect how you should be managing your organization’s (and your suppliers’) commodity risk?
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- Quickly drawing up a model of a company’s parts and bill of materials to identify areas in need of support and glean insight into the negotiation process
- Managing the lifecycle relationship of parts, products, and suppliers
- Reducing risk and improve agility in the MRO supply chain while more reining in small dollar spend
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