US tariffs on Chinese goods didn’t bring companies back to the US, new research finds

We found that most US companies adopted an apolitical strategy. They didn’t exit China, but also didn’t put public pressure on Washington to roll back the tariffs. Even though 63 percent of US multinationals in our sample were adversely impacted by the trade war, only 22 percent chose to voice opposition and 7 percent chose to exit China. The majority (65 percent) did neither. Many of the multinationals we coded as “voicing opposition” did so through associations such as the US-China Business Council rather than under their own name. An even larger number unsuccessfully lobbied for tariff exclusion for specific products, rather than a more general rollback of Section 301 tariffs.