Reported about 1 month ago
As the U.S. presidential election approaches, Chinese exporters are increasingly worried about the potential consequences of a Trump re-election, which could result in drastic tariff increases. Many companies, including toy manufacturer KidKraft, are already reducing their reliance on Chinese suppliers and planning to relocate production to other countries to mitigate risks. With economic interdependence between the U.S. and China, the prospect of high tariffs poses a significant threat to China's export-driven economy, prompting many firms to reconsider their supply chains ahead of the election.
Source: YAHOO