The trade war between the US and China has escalated, leading to a series of retaliatory actions and tariffs on steel and aluminium imports. The impact on procurement is significant, with uncertainty and unpredictability posing the biggest threat to organizations. The direct impact of tariffs will vary between industries, but companies must re-evaluate their supply chain in preparation for potential tariffs. The global trade scene is volatile, but this paper focuses on the interactions between China and the US. On July 6, the US imposed a 25% tariff on $34 billion worth of Chinese exports, and China retaliated with a 25% tariff on $34 billion worth of US exports. The last wave of tariffs was implemented on August 23, with the US imposing a 25% tariff on $16 billion worth of goods, followed by China with a 25% tariff on $16 billion worth of goods.
