The new decade started with a reduction in global trade uncertainty after the U.S. and Chinese governments signed the so-called phase 1 trade deal. The purchase commitments may prove difficult to deliver however, particularly in manufactured products and services. The deal can be taken as a vindication of the Trump administration’s tariff-led strategies which resulted in a 30.4% year over year drop in the U.S. trade deficit with China in November. It also led companies to slash their reliance on China, such as Superdry which cut Chinese imports by 87.3% year over year in Q4. There was a ...
Supply Chain Research
Copyright © 2024 Panjiva Supply Chain Intelligence, a product offering from S&P Global Market Intelligence Inc. All rights reserved.