President routinely exaggerates situation, which also has roots in rising wages for Chinese workers
President Donald Trump repeatedly asserts that “thousands” of companies are scurrying to flee China because of his tariffs. But Asia and trade experts say he is exaggerating data for political gain.
As the president tells it, U.S. and other firms have either moved or will move their production operations and supply chains off Chinese soil because he has slapped $250 billion worth of import duties on Chinese products. As recently as last Tuesday, Trump threatened further tariffs of $325 billion on goods from the Asian superpower. Experts, however, say the situation is not that black and white. Continue reading “Trump says ‘thousands’ of companies are leaving China. It’s not that simple”