• A focus on tariffs has distracted decision-makers from other disruptive challenges in supply chains, our third-quarter supply chain outlook finds, with escalations in kinetic conflicts, natural risk and trade disputes possible.
• Tariffs will still play an important role, with rulings and negotiations on IEEPA duties due in July, and the potential for recommendations on Section 232 cases at any time. The US is not the only one seeking to secure trade deals, with the EU looking across the Atlantic to Mercosur, talks with India and continuing negotiations with mainland China.