US tariffs on China and friend-shoring policies to benefit the rest of Asia, especially Korea
aliciagarciaherrero.substack.com
The latest import tariffs by US President Biden on Chinese green tech have confirmed the trend of trade protectionism, fortifying the US quest for friend shoring and industrial policies. While greater supply chain reshuffling can result in higher costs, the government-led changes and corporate-driven diversification rush may bring some winning sectors and firms in Asia. Our analysis of the new import tariffs and the potential Section 301 investigations show Asia’s corporate alternatives in electric vehicles (EVs), batteries, steel, shipbuilding, and solar panels will be the beneficiaries.
US tariffs on China and friend-shoring policies to benefit the rest of Asia, especially Korea
US tariffs on China and friend-shoring…
US tariffs on China and friend-shoring policies to benefit the rest of Asia, especially Korea
The latest import tariffs by US President Biden on Chinese green tech have confirmed the trend of trade protectionism, fortifying the US quest for friend shoring and industrial policies. While greater supply chain reshuffling can result in higher costs, the government-led changes and corporate-driven diversification rush may bring some winning sectors and firms in Asia. Our analysis of the new import tariffs and the potential Section 301 investigations show Asia’s corporate alternatives in electric vehicles (EVs), batteries, steel, shipbuilding, and solar panels will be the beneficiaries.