President-elect Donald Trump’s proposed tariffs will have “massive, massive implications for a whole range of companies that are heavily exposed to China,” Strategy Risks Founder and CEO Isaac Stone Fish explain to Market Domination Overtime hosts Julie Hyman and Josh Lipton As retailers and manufacturers across industries brace for the worst to come for their bottom lines in regards to potential tariffs, they are currently weighing the options they have to diversify away from China. “We expect at some point the other shoe to drop, but it really hasn’t yet. And we think that’s in part because of the strength still of the domestic Chinese market,” Stone Fish tells Yahoo Finance. “In part because of the idea that companies think they can manufacture in China for China, in part because companies think, ‘hey, this is going to change. And that the last ten years are just going to disappear.’ And then, in part because companies are afraid of reprisal and afraid of what’s going to happen to their people and their supplies in Beijing if they move too actively.” Stone Fish comments on how China and Chinese officials could be expected to react to US companies who try to pull out from the region.
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