US businesses shift away from China under Trump tariffs
A new analysis found that payments made by U.S.-based midsize businesses to firms in China dropped significantly last year as tariffs on Chinese imports rose under the Trump administration.The JPMorgan Chase Institute released a report Thursday that found payments made by midsize firms to China declined significantly, falling by about 20% from 2024 to 2025 even as overall international payments remained steady."This is perhaps not surprising, as China has been the […]