Friendshoring Strategy: Merits & Myths
Friendshoring. Sounds like a nice word, doesn’t it? It evokes images of two countries holding hands and happily walking down the path to duty-free trade. But shifting production to more “tariff-friendly” countries isn’t necessarily the free pass some think it is....
Will Expansion of U.S. 301 Tariffs Send China Plus One Strategies into Hyperdrive?
President Biden’s recent expansion of 301 tariffs on certain China imports may send corporate China Plus One (C+1) initiatives into hyperdrive as more and more manufacturers relocate production from China to tariff-friendly countries in Southeast Asia and India....
Biden Administration Announces New Details on 301 Tariff Exclusions
On May 14, President Biden issued a Memorandum stating that the U.S. would maintain existing 301 tariffs on certain Chinese imports, which were established during the Trump administration, and also initiate new Section 301 tariffs and some 301 tariff increases on...
