Tag: trade war
For the last several decades, China has attracted production facilities across nearly every industrial sector. But as China’s cost advantages erode and trade tensions escalate, some may be having second thoughts.
U.S. manufacturing may seem to be on the ropes these days with all the reports of a decline in activity, but as National Manufacturing Day neared on Friday, Americans’ perceptions about the national industrial backbone remained strong.
President Trump’s escalation of the trade fight with China may have spooked global markets, but U.S. CEOs are taking it in stride so far, according to Chief Executive’s monthly reading of CEO confidence.
America’s trade dispute with China is a morass that threatens to become a tar pit for CEOs of many U.S. manufacturers, even as President Trump’s tariffs provide direct protection of many other companies. Steve Harriott, CEO of Watchfire Signs in Danville, Illinois, is one of the worried ones.
The trade battle between the U.S. and Chinese governments is in full swing, with tariffs on $34 billion in imported Chinese goods going into effect today, and China matching that number on a list goods imported from the U.S.