Axios
Hours after Donald Trump recaptured the White House, at least one major American company is already making plans to shift production out of China.Why it matters: Trump has threatened to ramp up tariffs on China to put pressure on Beijing, but experts fear a trade war could reignite inflation here at home.The big picture: Fashion company Steve Madden revealed Thursday that it plans to slash China-made products by 40% to 45%.”As of yesterday morning…
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This company is already moving production out of China to avoid Trump tariffs
Nathan Bomey
07:23
Hours after Donald Trump recaptured the White House, at least one major American company is already making plans to shift production out of China.Why it matters: Trump has threatened to ramp up tariffs on China to put pressure on Beijing, but experts fear a trade war could reignite inflation here at home.The big picture: Fashion