European Companies Scramble to Adapt to Trump Tariffs, Plan Supply Chain Adjustments
European firms are scrambling to adapt to U.S. trade tariffs that have become a blunt reality, with a second barrage expected next month. Companies from Swiss chocolatiers to German car parts makers are shifting production lines, sourcing materials locally, and negotiating with customers to mitigate the impact of the tariffs. The EU is urging unity in the face of the threat, while some see an opportunity for logistics companies like Kuehne und Nagel.
- As European companies scramble to adapt to Trump's tariffs, it highlights the vulnerability of global supply chains, particularly in industries where timely delivery is crucial.
- Will the ongoing trade tensions between the EU and US ultimately lead to a more complex and fragmented global economy, with different regions adopting unique strategies to navigate the shifting landscape?