24 Hrs
Source:
الاقتصادية
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Trump tariffs drive US firms back to China
Reports indicate that the tariffs imposed by U.S. President Donald Trump to reduce reliance on China have not led most American companies to relocate manufacturing back to the United States. Instead, some have returned to Chinese suppliers as the tariff gap between Beijing and other Asian countries like Vietnam and Thailand has narrowed. Although tariffs have been lowered to below 12.5%, dependence on Chinese products remains high, with data showing that China's share of U.S. imports has decreased from 18% in 2018 to around 11% today, while China's value-added share stays at 15%. Experts confirm that completely severing ties with China and developing alternative supply chains could require investments of up to $13.7 trillion over 25 years. This makes reliance on China still prevalent due to the high costs and complex economic factors involved.
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