US retailers are ditching Chinese suppliers at an accelerating rate in response to President Donald Trump’s trade tariffs, switching sourcing of thousands of goods from furniture to bicycles to countries such as Vietnam, Cambodia and Thailand.
Top executives at several household names have disclosed fresh details of their tariff response plans since the latest tranche — 15 per cent levies on $112bn worth of Chinese imports — took effect on September 1.
While US retailers have been reducing reliance on China for years due in part to rising labour costs, Washington’s trade dispute with Beijing has spurred them to redouble their efforts.
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