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Trump administration imposed tariffs on China and started trade war. After Covid the issue has aggravated with supply chain disruptions resulting in imported inflation. Talks
Trump administration imposed tariffs on China and started trade war. After Covid the issue has aggravated with supply chain disruptions resulting in imported inflation. Talks on reducing reliance on China has been going on for a while. It has created a challenging environment for companies who are trying to overcome this challenge. Possible solution is establish manufacturing in home countries but the cost factor is high. What are your thoughts?
https://hbr.org/2021/05/the-strategic-challenges-of-decoupling
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