Supply Chain Research

The board chairman of Tiangong International, Zhu Xiaokun has indicated the firm will deploy “price hike(s) resulting from the tariffs” applied by the U.S. on its exports of steel tool components. Tiangong’s U.S. seaborne shipments fell 34.8% in the three months to Nov. 30 vs. the three months to June 30 – the period preceding the most recent round of U.S. tariff increases. Concerns about further tariff increases – now delayed to March from January – among other suppliers may have driven a more moderate decline of 4.4% in total U.S. imports of steel products that faced 10% additional dut...