The first round of U.S. exemptions from Chinese export tariffs will help Nestle and NSK. China introduces a third round of import tariff reductions to help reflate the economy. Global supply chains never sleep – we provide a guide to 12 major developments over the holidays. Also: a tragic vessel fire may disrupt Mazda’s supply chain; tensions between China and Taiwan may have a knock-on effect for electronics supply chains; import expectations in China have dropped to July 2012 levels; India is pushing for a U.S. steel deal, but may have to wait; and DSV keeps M&A speculation alive.