The Wall Street Journal (gated) with the report. Probably most interesting, for China, are moves to diversify supply chains away from the country:
American businesses are dusting off a playbook they used during Trump’s first term:
- stocking up on imported goods before tariffs are enacted
- also considering how to cope with the levies if and when enacted—whether they will be able to raise prices
- whether they will need to find alternatives to their Chinese manufacturers
The piece quotes an electronics manufacturer in Guangdong province:
- company has observed an increase in inquiries and “noticeable unease” from its U.S. clients
- tariffs so far haven’t affected sales significantly
- but that buyers end up absorbing the levies and sometimes raising prices for their end customers
Interesting times!
This article was written by Eamonn Sheridan at www.forexlive.com.
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