📊Executive Summary

The escalating trade conflict between the EU and China is intensifying as the EU considers implementing stricter tariffs and quotas on Chinese imports. The European Commission has indicated that Chinese imports pose an existential threat to several European industries, including chemicals and metals. In response, China has warned of potential countermeasures, which could disrupt global supply chains. The EU has already passed measures to increase tariffs on foreign steel imports, which will take effect on July 1. This situation may lead to increased costs and supply chain disruptions for companies relying on Chinese components. Procurement teams should closely monitor these developments as they could impact sourcing strategies and pricing....