By SIMON CONSTABLE
If you’re making products in China that sell big in the US, the steady talk about tightening trade between the superpowers certainly can’t be great news. In fact, it’s terrible news.
But at least one company has already made news that analysts say will have a preemptive affect: a large maker of electronics announced plans to move a big plant to Wisconsin. Analysts say they think others will follow, raising these firms’ labor costs but giving them local tax breaks and wiping out any tariff threat. “There’s been a change in the zeitgeist that is pushing companies to manufacture closer to their customers,” says Alan Tonelson, founder of public policy blog RealityChek and a veteran analyst of international trade. Read more here.
Photo by Clayton Cardinalli on Unsplash
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