Alliance foreign ministers discussed the impact of the US-Iran war on European energy markets with several nations highlighting supply chain vulnerabilities from the Hormuz disruption.
Tag: supply chains
EU Opens Forced Labor Investigation Into 60 Countries Including the European Union Itself
The US investigation into alleged forced labor trade practices has triggered a wide-ranging probe that could impose 10-12.5% tariffs on exports from six dozen countries.
Quad Critical Minerals Initiative Aims to Reduce China’s Dominance in Supply Chains
India along with the US Japan and Australia launched a coordinated strategy to diversify rare earth and battery mineral sourcing.
Quad Launches Critical Minerals Initiative to Reduce Dependence on China
The four-nation Quad grouping announced a new joint framework to diversify supply chains for critical and rare earth minerals away from China.
UK GDP Growth Expected to Slow to 0.8% in 2026 Due to Middle East Conflict Impact
KPMG warned that the ongoing conflict in the Middle East is disrupting UK supply chains and projected Britain’s economic growth to slow to just 0.8% this year.