Official announcements from the U.S. government or statements from Donald Trump

U.S. Companies Stockpile Amid 13% Surge in China Exports to Mitigate Trump Tariffs Impact

Nov 20, 2024, 01:40 PM

American companies are preparing for the impact of potential new tariffs on Chinese goods by Donald Trump by stockpiling inventory, raising prices, and accelerating the shift of manufacturing to other locations, according to the Wall Street Journal. This strategy comes in response to the anticipated increase in tariffs, with businesses aiming to mitigate the effects on their supply chains and costs. The move has already led to a surge in exports from China, with outbound shipments rising nearly 13% in October from a year earlier, surpassing expectations.