Former Chrysler exec says Trump’s win is prompting CEOs to move out of China [Video]

President-elect Donald Trump’s landslide victory over Vice President Harris is already sending shockwaves through the business world as executives have looked to move production out of China since last week, former Home Depot and Chrysler CEO Bob Nardelli told FOX Business.

“I think he’s [Trump] going to be very positive about growth. He’s going to be very protective. He’s going to try to re-shore onshore stuff out of China,” he said Tuesday on “Mornings with Maria.”

“Big discussion yesterday about the supply issue, basically superseding the domestic demand issue in China, so a lot of the companies I’m talking to and CEOs are already looking at how they’re going to move out of China, either onshore, back to the U.S., or re-shore to another favorable country.”

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Most notably, popular shoe retailer Steve Madden announced plansto “rapidly” pull back China-based production by up to 45% just days …