The U.S.-China Trade War: What It Means for Manufacturers
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How the U.S.-China Trade War Affects U.S. Manufacturers and How They Can Adapt
During his presidential campaign, Donald Trump promised to reduce U.S. trade deficits with China and address China’s perceived unfair trade practices. The two countries have been at odds over trade for more than a year. After months of threats, the Trump administration imposed a variety of tariffs on Chinese industrial and consumer products. China responded with retaliatory tariffs on an equivalent value of American goods.
This article summarizes the potential effect of the U.S.-China trade war and suggests ways to mitigate disruption for U.S. manufacturers.