Can Trump’s Tariffs Slow Down China’s Push to Lead High-tech Supply Chains?

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Can Trump’s Tariffs Slow Down China’s Push to Lead High-tech Supply Chains? - The Diplomat

Quick Summary:

With the incoming president's renewed threats of massive tariffs on China, it’s worth revisiting whether such policies actually achieve the desired result.

Furthermore, the tariff measures targeting China may, in fact, encourage Chinese companies to actively establish factories abroad, to mitigate the impact of U.S.tariffs on their products.

However, Trump’s tariff plan – imposing a 60 percent tariff on Chinese products and a 20 percent tariff on all imports – may not only trigger a new round of trade wars but also further isolate U.S.businesses and consumers from external supply chains.