The Multinationals On Both Sides of Trump’s China Tariffs
Foreign-invested firms still make up a third of China’s overall exports.
Yantian international container terminal in Shenzhen, China. Credit: Depositphotos
When President Trump speaks about trade deficits, he knows who to blame. China has eaten our lunch, he argues, flooding U.S. markets with cheap goods.
An excerpt from President Trump's 'Liberation Day' speech, April 2, 2025. Credit: Roll Call
But for years foreign firms from Apple suppliers to Tesla have been responsible for an outsized share of China’s exports. This means that multinationals in China — including many American companies — may find themselves not only on the imp
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