Big European firms dodge China-U.S. tariffs by shifting supply chains - business group
Share:
BEIJING (Reuters) - Large European companies are shifting manufacturing supply chains to avoid China-U.S. tariffs while smaller ones are weathering the extra costs, a European business lobby said on Monday. And while some companies have shifted investment out of China, around the same number have increased investment in the country to produce more locally and avoid tariffs crossing borders, said a report by the European Union Chamber of Commerce in China. This undercuts the U.S. goal of..