A “reshoring” campaign waged in recent years to bring manufacturing jobs back to the United States from China is largely ineffective and a related “nearshoring” bid to shift production to Mexico and Canada away from America’s economic rival has yet to yield dividends, government, business and academic leaders said on Monday.
Despite 25 per cent tariffs imposed on Chinese products four years ago, the volume and value of US-China trade has only shifted slightly, according to experts and a report on Asian supply chains released by the Brookings Institution, a Washington think tank.
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