America Companies Not Ready to Leave China - Prominent Economist Stephen Roach
Nov 26, 2019 ·
1m 55s
U.S. companies aren’t likely to pack up their manufacturing operations in China and move them back home amid the trade war between Washington and Beijing, according to a prominent economist...
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U.S. companies aren’t likely to pack up their manufacturing operations in China and move them back home amid the trade war between Washington and Beijing, according to a prominent economist Stephen Roach, a senior fellow at Yale University. This, he said is because supply chains are “very difficult to put together, and equally difficult to disentangle,” Still, several American firms have made plans to diversify their production beyond China since the trade war started last year. But few have said they intend to completely leave China – or move all of their manufacturing back to the U.S. as President Donald Trump often says will happen.
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