“Trump’s attempts to lure companies away from China are backfiring”
“President Donald Trump promised on the campaign trail that his trade policies would trigger an “exodus” of manufacturing from China back to the U.S. But so far, many American companies that operate there are staying put.”“That’s the least risky option, business leaders and business groups said in interviews, pointing to Trump’s blanket tariff increases — on not just Beijing but most of the world’s other manufacturing powerhouses — and uncertainty about the president’s future trade moves.”
“Trump’s penchant for jacking up tariffs on countries for non-trade-related disputes, combined with the open-ended trade talks with China, are prompting many companies that source components there to stay put”
And in the meantime, Trump has alienated America’s traditional allies while driven China, Russia, and India into new relationships
What isn’t backfiring in Trump II