Supply chain radar: UK-Australia FTA damp squib – more spin over substance
A story of two divorces.
In case you weren’t aware, Donald Trump cares little for renewable energy. His latest legislative moves confirm this: the president has imposed duties of up to 30% on solar equipment made outside the US. For a $28bn industry reliant on overseas parts for 80% of its supply chain, Bloomberg says this could more than undermine the economics of renewables – 23,000 US jobs could be lost. It’s not just solar panels: washing machines, consumer electronics and steel could also face tariffs, which could result in seeing other countries impose restrictions on US goods.
But not only does Mr Trump take umbrage with foreign solar manufacturers, he seems to take umbrage with any foreign industry. Thus, US truckers fear the consequences of any rollback of Nafta – a move that would likely result in significant tariffs for Mexican importers.