Chinese businesses are cutting prices and moving operations out of China to avoid U.S. tariffs.
An employee checks a laser cutting machine, to be sold to automotive manufacturers for the production of electric vehicles, at a facility in Wuhan, Hubei Province, China, on June 12, 2023. AFP via Getty Images
Chinese businesses had begun to react to the Trump administration’s tariff threats even before they came into force.
Milton Ezrati
Author
Milton Ezrati is a contributing editor at The National Interest, an affiliate of the Center for the Study of Human Capital at the University at Buffalo (SUNY), and chief economist for Vested, a New York-based communications firm. Before joining Vested, he served as chief market strategist and economist for Lord, Abbett & Co. He also writes frequently for City Journal and blogs regularly for Forbes. His latest book is "Thirty Tomorrows: The Next Three Decades of Globalization, Demographics, and How We Will Live."