US Tariff Flooding will Reshuffle Supply Chains
The recent escalation of U.S. tariffs under the second Trump administration, including a blanket 10% levy on all imports but with clear differences across countries, with China at the top so far with about 54% (additional 30% in 2025 together with the tariffs from previous administration) and Singapore at the bottom with 10%. India has ended up faring quite poorly with 25% tariffs, compared to Vietnam (20%) and others. On top of that, the US is also introducing transshipping tariffs (of the order of 40% based on Vietnam’s case), aimed at countering goods routed through intermediary countries t...