Trump's China Swagger Means Big Risks for U.S. Companies

Bloomberg News

Despite Trump’s tough talk toward China, there’s little prospect his tariff threat would bring many jobs back to the U.S., according to Jacob Parker, vice-president of China operations at the U.S.-China Business Council in Beijing. American companies that manufacture goods in China for export to the U.S. would more likely shift their production to Southeast Asia or India. “They will not move manufacturing back to the U.S. as the costs are too high,” Parker said. “So in the short term, the cost of moving would raise prices on U.S. consumers, making them the biggest losers.”