Retailers including Canadian Tire Corp. are reducing their dependence on Chinese manufacturing amid uncertainty around the country’s trade relationship with the U.S., CBC News reports. Greg Hicks, CTC’s president and CEO, said on an earnings call that it has shifted much of its sourcing outside of China in the past year.
“As it relates to any type of trade escalation between the U.S. and China and how that impacts us just from that standpoint alone, we’re in a less risky position than we would have been this time last year.”
