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Home / David Stockman's Contra Corner / The Donald’s Swell New Foreign Aid Program: To Dodge China Tariffs, US Importers Shifting Production To Even Lower Wage Countries

The Donald’s Swell New Foreign Aid Program: To Dodge China Tariffs, US Importers Shifting Production To Even Lower Wage Countries

Summary:
U.S. manufacturers are shifting production to countries outside of China as trade tensions between the world’s two biggest economies stretch into a second year......Furniture-maker Lovesac Co. is making about 60% of its furniture in China, down from 75% at the start of the year. “We have been shifting production to Vietnam very aggressively,” https://www.wsj.com/articles/manufacturers-move-supply-chains-out-of-china-11563096601?mod=hp_lead_pos3

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U.S. manufacturers are shifting production to countries outside of China as trade tensions between the world’s two biggest economies stretch into a second year......Furniture-maker Lovesac Co. is making about 60% of its furniture in China, down from 75% at the start of the year. “We have been shifting production to Vietnam very aggressively,”

https://www.wsj.com/articles/manufacturers-move-supply-chains-out-of-china-11563096601?mod=hp_lead_pos3

David Stockman
David Alan Stockman (born November 10, 1946) is a former businessman and U.S. politician who served as a Republican U.S. Representative from the state of Michigan (1977–1981) and as the Director of the Office of Management and Budget (1981–1985) under President Ronald Reagan.

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