Tariffs Have Moved Some Production From China, but not to the US

Somehow, I don’t think that’s what the Trump administration had in mind when it launched its trade war with China two years ago. According to a survey conducted by the US-China Business Council, 18 percent of US companies either have moved or plan to move operations out of China this year, compared with 10 percent in 2018. Unfortunately, they’re not necessarily moving it back to the US.