August 19, 2024

NEW YORK TIMES: Businesses Are Already Girding for Next Phase of the U.S.-China Trade War

Alarmed by the prospect of increased tariffs on Chinese goods if Donald Trump is elected, some American companies are stockpiling parts and delaying expansions.

“You have to take it seriously,” said Chris Taylor, chief executive of GridStor, a company in Portland, Ore., that develops energy storage projects. “I think you would ignore that at your peril.”

GridStor has been placing early orders for batteries for a project planned for the Houston area. Mr. Taylor has been urging his suppliers to move faster to set up factory operations in the United States or nearby to limit dependence on Asia. “In every meeting, that conversation comes up,” he said.

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