Trump tariffs on China nearly broke global supply chain

The trade truce reached between the US and China arrived just as President Donald Trump’s tariffs took a big bite out of North American & Asian manufacturing and pushed the global supply chain near breaking point, with a steep retreat in April purchasing activity after the rush to hoard supply, according to the GEP Global Supply Chain Volatility Index. The pause on tariffs is a major relief for manufacturers in both the US and China, said Mr John Piatek, Vice President of Consulting for GEP. The US-China trade war de-escalation and tariff pause came with global supply chain stress near a tipping point, according to new data. GEP’s Global Supply Chain Volatility Index shows a steep retreat in manufacturing orders after a massive stockpile. Even with trade deal progress, the rapidly changing landscape is clouding manufacturers’ outlook and dampening investment, according to the data, said a report.

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