Deloitte’s new report offers analysis and advice – April 2, 2025 – Material Handling & Logistics
As new tariffs take effect today, Deloitte offers an analysis of what this could mean to the US economy in its report, Prioritizing Supply Chain Resilience and Agility: Strategies for US Manufacturing in a New Era of Industrial Policy, released on April 1.
The authors offer the following analysis: (excerpted below)
President Trump’s policy priorities include cutting taxes, reducing regulations, lowering energy costs, and bolstering fair trade. These measures could collectively support—and potentially accelerate—continued investment in the US manufacturing sector, a major goal of the Trump administration.
The administration’s policies could also potentially drive a notable shift in supply chain strategy by prioritizing reshoring while potentially disrupting recent nearshoring and global sourcing trends.
Tariffs comprise a component of President Trump’s economic strategy, with stated aims of boosting US manufacturing, collecting tariff revenue, addressing unfair trade, and strengthening national security. For instance, invoking the International Emergency Economic Powers Act, the President has imposed 25% “supplemental tariffs on imports from Mexico and Canada (with the exception of a 10% tariff on Canadian energy resources), and 20% tariffs on all goods from China.