Companies respond to President Trump’s China demands

Jessica Smith Reporter | Yahoo News |

In a series of angry tweets Friday morning, President Trump lashed out at China for its plans to retaliate with new tariffs on $75 billion in American goods.

The president said “we don’t need China” and the United States would be “better off without them.”

Trump continued, saying he would “order” American companies to look for alternatives to manufacturing in China — something the National Retail Federation called “unrealistic.”

“For years, retailers have been diversifying their supply chains, but finding alternative sources is a costly and lengthy process that can take years. It is unrealistic for American retailers to move out of the world’s second largest economy, as 95% of the world’s consumers live outside our borders,” David French, NRF’s senior vice president of government relations, said in a statement.

“Our presence in China allows us to reach Chinese customers and develop overseas markets. This, in turn, allows us to grow and expand opportunities for American workers, businesses and consumers,” he added in a statement to Yahoo Finance.

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