Companies Rethink China Reliance

Whatever outcome China and the US reach on the trade war, US President Donald Trump has achieved a big victory: companies are beginning to rethink their reliance on China. The two sides are getting closer to reaching an agreement, and Trump announced that an “epic” trade pact could be weeks away. Still, in the face of tariffs and trade tensions, some multinationals have already decided to shift their supply chains away from China. This is bad news for China, but many who believe that the world has grown far too dependent on the Asian superpower are pleased.

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