Zhou Chao
Just recently, the Trump administration in the United States has repeatedly imposed tariffs on China, with total tariffs on Chinese exports to the U.S. now reaching 145%. Many Chinese commentators have pointed out that this move is aimed at reviving American manufacturing. indeed, the Trump administration has made no attempt to hide this goal, openly stating that even if it means the country must swallow the bitter pills to bring manufacturing back. That being said, many Chinese analysts remain generally do not see a good probability of the revitalization of American manufacturing.
Industry insiders have observed that many in China hold a rather bleak view of the current state and future outlook of American manufacturing. They believe that the country’s manufacturing has been hollowed out to the point where it’s nearly nonexistent. What remains is only a limited number of industries with higher technological content and added value, while the overall industrial system is severely fragmented. Since the beginning of the 21st century, U.S. manufacturing has been in decline and has continued to shrink, with reshoring efforts yielding little effect.
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