The New Supply Chain Insecurity

In a matter of months, the Trump administration has rewritten the rules of U.S. trade policy. It has imposed blanket tariffs on nearly every country, starting at ten percent and rising as high as 50 percent. Levies on a host of products, such as steel, aluminum, cars, and car parts, have raised these trade barriers even further. At an average effective rate of around 18 percent, U.S. import taxes are now the highest they have been in nearly a century.






