Trump tariffs won’t lead supply chains back to U.S., companies will go low-tariff globe-hopping: CNBC survey

By Lori Ann LaRocco – CNBC

If China is going to lose some manufacturing as a result of President Donald Trump’s tariffs, the U.S. manufacturing sector won’t be the main beneficiary, according to a new CNBC Supply Chain Survey.

The Trump administration says a reshoring boom is coming, but most companies that responded to the survey tell CNBC that bringing back supply chains could as much as double their costs and that instead a search for low-tariff regimes around the world will commence.