(CGTN) Monday marks the China-US trade war one month in. Exactly one month ago, both China and the US put into effect their tariff lists against each other’s imports.|
It may seem childish to engage in “tit-for-tat,” but companies, especially in manufacturing, are actively trying to avoid any potential damage. According to China’s National Bureau of Statistics, the country's PMI is seeing decreases for two consecutive months – a foreboding sign for the future of the Sino-American trade.
A person holds slogan at Trump’s “Make America Great Again (MAGA)” rally, August 4, 2018. [Photo: VCG]At the cost of such trouble and potentially stirring up the entire global trade environment and supply chain, US President Donald Trump vows to replace foreign imports with domestic production. However, is “Made-in-America” really achievable?