Trade and tariffs: What President Trump says versus what economists know.
that he could declare a national emergency and force American companies to stop doing business with China entirely. The reality is far less certain, experts say.
The complex nature of global supply chains means that many companies would be left scrambling to find alternate sources. For highly specialized manufacturing such as electronics and medical devices, there might be no safe or functional substitute, said Michael O. Moore, a professor of economics and international affairs at George Washington University. Tearing up existing supply chains would likely lead to lower quality, higher costs or both, he said.
For instance, Petri said, “Where will U.S. automakers get thousands of Chinese-made parts?” For a company like Apple, which relies heavily on China for manufacturing, trying to rebuild from scratch without China could literally take decades, he said. “In practice, that’s not how it works. Obviously, it’s the importers in the U.S. who pay the tariffs. The way that China ‘pays’ is there may be less U.S. demand for Chinese products [but] for the actual payment, it’s the firms in the U.S. that import Chinese goods,” de Bolle said.
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