Dossier
Phil Laster
Coverage of Phil Laster in the Nexus archive.
- Trump’s tariffs were supposed to boost American manufacturing, but the new levies are actually pushing some companies back to China
Trump’s tariffs aimed to boost American manufacturing by discouraging trade with China and incentivizing reshoring, but some companies are returning to China as tariffs on Chinese goods have decreased to levels similar to other Southeast Asian countries. Alliance Consumer Group, a Texas-based company, initially moved production to Thailand due to high tariffs but has since reconsidered manufacturing in China as tariff differentials narrowed.