US researchers found that tariffs hurt the American economy and did not force China to change its policies. Photo: Shutterstock
US researchers found that tariffs hurt the American economy and did not force China to change its policies. Photo: Shutterstock

US-China trade war did not bring American firms home, research finds

  • Foreign investment into China hit a record US$144.4 billion in 2020, while firms exiting China did not leave because of tariffs, US researchers say
  • Decoupling has been ‘greater in the minds of politicians and pundits than the reality of firms in China’

US researchers found that tariffs hurt the American economy and did not force China to change its policies. Photo: Shutterstock
US researchers found that tariffs hurt the American economy and did not force China to change its policies. Photo: Shutterstock
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