China reliance and tariff wars emerge as top risks for the global defence industry: report

Ongoing tariff wars and a dependence on China are two of the top emerging risks for the global defence sector, according to a report released this week by the UK-based consultancy WTW (Willis Towers Watson). “The defence sector’s reliance on Chinese materials and components, particularly rare earths and electronics, is presenting significant supply chain vulnerability amid geopolitical risks,” the consultancy said. The report, which was based on interviews with an international panel of five industry executives from Australia, Europe and North America, found the tariff war between China and the United States is disrupting supply chains and raising costs, making…