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Wednesday, May 13, 2020

Are US companies leaving China at least in part due to the trade war?

Yvette Rose, Gigafact Foundry
yes

Some U.S. companies are moving operations out of China in part due to the trade war between the U.S. and China. Kearney, a U.S. management consulting firm, tracks this trend with its "Reshoring Index." Its latest update finds activities moving out of China to lower-cost countries in Asia as well as Latin America.

According to U.S. government figures, in the first quarter of 2020 imports from China fell 7% from the year-earlier period.

In response to the coronavirus, there is also growing political support for moving American pharmaceutical and medical supply production out of China.

Sources

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