"Tariffs didn't seem to drive significant near-term increases in reshoring or reduce America's total import dependence. Instead, production lines moved from China to countries with lower tariffs."
"Manufactured goods and imports brought into the US rose 4.6% to $2.98 trillion in 2025, indicating a continued trend toward offshoring rather than reshoring."
A year after Liberation Day, US tariffs have not spurred a manufacturing revival. AT Kearney's study shows imports surpassed exports, keeping the reshoring index negative. Despite a slight improvement, the data contradicts claims that tariffs would encourage domestic manufacturing. Imports rose 4.6% to $2.98 trillion, with significant declines in imports from China, which shifted production to countries like Thailand and Vietnam. Tariffs have also resulted in lower-than-expected tax revenue for the government, as companies seek refunds on tariffs paid.
Read at www.businessinsider.com
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