A May survey by the American Chamber of Commerce in China showed that 40% of respondents said they were remapping their supply chain out of China, or seriously considering it. That was three months before Trump announced tariffs on every Chinese import.
China’s neighbors, as well as our own, will be the beneficiaries. In a recent survey the American Chamber of Commerce in China reported that almost half of its 250 companies were considering abandoning China. Southeast Asia and Mexico were the likely destinations, with only 5% of companies expected to onshore to the U.S.
The combined effect of these new rules would be to increase the cost and risk of doing business in China, said Lester Ross, a Beijing-based attorney and chairman of the American Chamber of Commerce in China policy committee.
According to a survey in May by the American Chamber of Commerce in China, more than 40 per cent of about 250 member companies questioned were considering or had already moved parts of their supply chain operations away from China.