February 21, 2025 – LogicSource, a procurement services and technology company, released its 2025 Tariff Report in January along with two updates in February on navigating cost increases and supply chain disruptions. Its comprehensive tariff impact analysis guides businesses dealing with tariff changes set to impact indirect spend categories.
The latest update includes essential policy shifts affecting supply chains like the removal of country-specific exemptions for Canada, Mexico, the EU, UK, Japan and South Korea. As of March 12, the 25% tariff on steel and aluminum imports will take effect, with no exception for those countries. The Commerce Department has also ended the product exclusion process, meaning existing exemptions will expire without renewal.
In response, the EU and other major steel suppliers are expected to implement retaliatory tariffs, further straining global trade.
LogicSource 2025 Tariff Impact Analysis: Strategic Implications for Indirect Spend