📊Executive Summary

The European Union is set to impose a 25% tariff on various US imports, including electronics, starting April 15, 2025. This decision follows the US's own tariffs on EU goods, creating a tit-for-tat trade situation. The EU aims to negotiate a trade deal with the US to alleviate these tensions. The tariffs will affect products that the EU does not heavily rely on, which could lead to increased costs for electronics manufacturers sourcing components from the US. Procurement teams should prepare for potential price increases and reassess their supply chains in light of these developments....