It may not be the best time for a manufacturer to move an entire supply chain to the United States after all.
President Donald Trump’s protectionist trade policies — that the administration claimed would bring an industrial renaissance to the country — keep getting less protective. Trump had already backed off his planned steep tariffs on imports from most countries after announcing them last month, instead targeting China with 145% duties. This week, he agreed to slash those fees, too, down to 30%.
“We do not want a generalized decoupling from China,” Treasury Secretary Scott Bessent said Monday.