Some U.S. companies are moving operations out of China in part due to the trade war between the U.S. and China. Kearney, a U.S. management consulting firm, tracks this trend with its "Reshoring Index." Its latest update finds activities moving out of China to lower-cost countries in Asia as well as Latin America.
According to U.S. government figures, in the first quarter of 2020 imports from China fell 7% from the year-earlier period.
In response to the coronavirus, there is also growing political support for moving American pharmaceutical and medical supply production out of China.