U.S. companies are worried about the potential consequences of President-elect Donald Trump’s tough stance on China, fearing higher tariffs, disrupted supply chains, and retaliation from the Chinese government. Experts warn that the Trump administration’s actions could escalate into an “economic war” with China, leading to a more aggressive response from Beijing, including measures beyond tariffs. The risk of public backlash and consumer boycotts in China against American brands adds another layer of concern for companies already seeking to diversify their supply chains away from China.
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