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May 8, 2025
| This week’s procurement news and insights for supply chain leaders
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It happened — the first trade agreement from the Trump administration since President Donald Trump announced plans to instate global reciprocal tariffs in April.
Today, the United States and the United Kingdom reached a deal regarding tariffs and market access. Under the agreement, the U.S.’ 10% tariff on U.K. imports will stay, while the U.K. will lower duties on U.S. goods to 1.8%.
Other trade agreements may be on the horizon. The U.S. is engaging in discussions with additional countries, including Vietnam, South Korea and Japan. The White House also plans to meet with China to discuss trade issues this week.
As I’ve said before, the current trade and tariff environment is fast moving and dynamic. To help keep up with the latest developments, check out Supply Chain Dive’s tariff tracker, which we update regularly.
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Kelly Stroh
Editor, Supply Chain Dive
Email
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The deal includes a reduced tariff for some U.K. automobiles and is the first the Trump administration has secured after unveiling its reciprocal tariff plan in April.
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The footwear manufacturer is also opting to pause or delay shipments in a bid to mitigate the impact of tariffs.
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Procter & Gamble will take a wait-and-see approach to Trump administration tariffs before making changes to the company’s supply chains.
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The Huggies diaper maker will use the funds to build an Ohio factory and a South Carolina distribution center, as well as install automation upgrades across its supply chain.
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The consumer product manufacturer said it expects to pay more for raw materials and finished goods it sources from abroad despite its recent supply chain shifts.
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The facility, which took nearly three years to complete, will process the ingredient for brands such as Reese’s and Kit Kat.
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The company’s planned supplier park is meant to create an electric vehicle manufacturing ecosystem, officials said.
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Pharma companies are looking to avoid potential tariffs by boosting U.S. manufacturing capacity, but such efforts take time.
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UPDATED
The U.S. has rolled out a deluge of tariffs, sparking responses from trading partners. Here's where each tariff – threatened or realized – currently stands.
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The fast-fashion giant also said it will walk back previously announced plans to increase prices.
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