Nine out of 10 U.S. companies say they expect to bring some or all of their production or sourcing back home in response to new tariffs imposed under President Donald Trump’s trade policy, according to the latest Allianz Trade Global Survey.
The survey, published May 20, hints at an acceleration in reshoring efforts as American firms adapt to the tariffs, as Trump pursues a global trade reset to boost domestic manufacturing and correct what he says are decades of unfair practices by other countries that put the United States at a disadvantage.
Allianz researchers found that roughly 90 percent of U.S. companies plan to reshore or switch to domestic suppliers in the wake of the April 2 global tariff announcement. American firms ranked among the most likely in the world to pursue domestic sourcing, alongside companies in Italy and Spain….