These firms — smarting from a 145% levy that had been in place since April 9 — had begun pivoting their supply chains. Already, freight has been directed to Vietnam before setting course for the US, though the Southeast Asian nation, also faces the risk of 46% duties on its US exports at the end of a global tariff pause in July.
The Trump administration has blinked first, hailing “breakthrough” talks with the UK earlier this month and agreeing to lower tariffs on China last week.
Given US President Donald Trump’s capricious approach to international relations, however, Chinese manufacturers have begun preparing for the next big shift.
