Retailers shift supply chains to reduce risks from Trump’s tariffs on China
A number of retailers are working to reduce their exposure to China as President Donald Trump's trade war with the second-largest economy rages on.
In recent earnings reports, executives have indicated that they are restructuring their supply chains to reduce reliance on China and mitigate the impact of tariffs. Trump sees tariffs as a way to boost domestic manufacturing, but avoiding China is challenging, and many retailers have already warned of potential price increases.
China has been a significant target of Trump's levies...