U.S. companies are leaving China thanks to the trade war. They’ll leave even more thanks to the pandemic.

Sorry, Davos Man. Your China-led globalization is going out of style like bell bottoms.

DOWNLOAD THE WAR ROOM PODCAST FREE

Global manufacturing consulting firm Kearney released its seventh annual Reshoring Index on Tuesday, showing what it called a “dramatic reversal” of a five-year trend as domestic U.S. manufacturing in 2019 commanded a significantly greater share versus 14 Asian exporters tracked in the study. Manufacturing imports from China were the hardest hit.

Last year saw companies actively rethinking their supply chain, either convincing their Chinese partners to relocate to southeast Asia to avoid tariffs, or by opting out of sourcing from China altogether.

READ THE REST HERE.

0 shares
Get into The War Room.

Don't miss a beat on the impeachment process.

We're more than just a radio show and a podcast.

We're a one-stop shop for everything impeachment related.

Make sure you're signed up to the newsletter so you won't miss a second of the most important (un)-democratic event in modern history.

Sign up here