Trump's tariffs reshaped manufacturing in Asia. This time, the ramifications are even broader [Los Angeles Times (CA)]
RENAULT SA UNSP/ADR (RNLSY)
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Source: Los Angeles Times
The aim was to spur U.S. manufacturing, reduce a trade imbalance and punish China for trade practices Trump said were unfair. Now, in his second term, Trump has hiked taxes on steel and aluminum imports to 25% and levied new 25% tariffs on Canada and Mexico imports, as well as an additional 10% tariff on Chinese goods. On March 24, he announced a 25% tariff on auto imports, and with his new plan for “reciprocal” tariffs to be announced Wednesday, other countries probably will be in his crosshairs as well. After the 2018 levy, companies that produced their goods in China initially expanded into Asian countries such as Vietnam, Indonesia and India. But the current uncertainty surrounding trade policy has now turned planning into something of a guessing game that could reshape the landscape of global manufacturing. The Times spoke with Robin Song, a China and Asia supply chain specialist with Kuehne+Nagel , a Swiss logistics company that advises clients on expanding their manufactu
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