The fallout between Donald Trump and Elon Musk has sent Tesla shares tumbling, while global trade tensions escalate with doubled tariffs on steel and aluminum imports.

• Trump-Musk relationship deteriorates after disagreement over budget bill
• Tesla shares down 14% this week, 37% since December
• Trump doubles steel and aluminum tariffs to 50%
• Eurozone inflation falls below 2% target for first time in three years
• China possibly ordering hundreds of Airbus planes as snub to Boeing
• Future conflicts likely to be fought through technology rather than traditional battlefields
• Rare earth metal exports from China experiencing slowdowns to US and EU
• Norwegian companies repurposing old ships for construction materials
• Technology implementation becoming top priority for 51% of senior supply chain executives

Read more about tariff impacts throughout 2025 in our latest blog post and explore The Economist's interactive tariff impact tool to understand effects by product category.

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About Tony Hines and the Chain Reaction Podcast – All About Supply Chain Advantage
I have been researching and writing about supply chains for over 25 years. I wrote my first book on supply chain strategies in the early 2000s. The latest edition is published in 2024 available from Routledge, Amazon and all good book stores. Each week we have special episodes on particular topics relating to supply chains. We have a weekly news round up every Saturday at 12 noon...