UBS: U.S. firms evading Trump tariffs by switching output abroad

UNITED STATES FIRMS are attempting to avoid U.S. tariffs on China by shifting some stages of manufacturing operations abroad, according to UBS. / BLOOMBERG FILE PHOTO/ALEX FLYNN
UNITED STATES FIRMS are attempting to avoid U.S. tariffs on China by shifting some stages of manufacturing operations abroad, according to UBS. / BLOOMBERG FILE PHOTO/ALEX FLYNN
NEW YORK - United States companies are evading President Donald Trump’s goods tariffs by partly moving production abroad, shielding China for now from the effects of an escalating trade dispute, according to research by UBS Group AG. “If U.S. companies move a stage of their manufacturing overseas (to a country other than China), the trade…

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