Explained: What tools could Donald Trump use to get US firms to quit China? | Explained News, The Indian Express

Explained: What tools could Donald Trump use to get US firms to quit China? | Explained News, The Indian Express

By Reuters |Washington |Updated: August 24, 2019 10:39:34 am

Explained: What tools could Donald Trump use to get US firms to quit China?

The stakes are high: U.S. companies invested a total of $256 billion in China between 1990 and 2017, compared with $140 billion Chinese companies have invested in the United States, according to estimates by the Rhodium Group research institute.

President Donald Trump has ordered US companies to “start looking for an alternative to China. (Photo: AP/File)

Hours after China announced retaliatory tariffs on U.S. goods on Friday, President Donald Trump ordered U.S. companies to “start looking for an alternative to China, including bringing your companies HOME and making your products in the USA”