Steel tariffs – our guide on how to avoid the supply chain crisis on the horizon

This summer you would have been hard pressed to miss the news arriving from across the Atlantic with the imposing of 25% tariffs on imports of steel and 10% on imports of aluminium to the US – with only a handful of nations escaping the costs.

The tariffs are already representing a huge drag on supply chains, which the International Monetary Fund (IMF) estimates will reduce global growth in 2019 from 3.9% to 1.9%

Whilst it’s impossible to predict the exact future impact, a whitepaper produced by Achilles will outline our initial analysis demonstrating there is a need to act now in order to offset supply risk and a significant reduction in margins. The risk is not just in primary steel supply either – prices for goods made from metals or services that depend on metal products will also rise, and disruptions could impact delivery.

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Our whitepaper will guide you in what to expect and what to do as the rest of the year unfolds.

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