Chinese companies eye moves to US amid sky-high tariffs
Share this @internewscast.com


() The first major negotiations between the United States and China since President Donald Trump sparked a trade war will take place this weekend in Switzerland but some companies are already finding workarounds to keep business going.

In Texas and elsewhere in the U.S., developers are seeing increased interest from Chinese companies looking to relocate, the South China Morning Post first reported. Tariffs against China are currently 145%, while China’s on the U.S. total 125%.

A wave of Chinese companies is reportedly rushing to move manufacturing west to stave off Trump’s tariffs and the impact they will bring.

“The United States accounts for nearly 95% of our orders. It’s not a market we can afford to lose,” Chinese business owner Ryan Zhou told the Post.

Yasheng Huang, professor of global economics and management at MIT, told relocating a Chinese company is a tall order.

“It’s not that easy to produce in this country. It’s very easy to consume, but it’s not that easy to produce,” Huang said.

For many of the relocating companies, the goal is to remain competitive and for some, simply to survive under the Trump administration’s restrictive trade policies.

Huang said it could take years, even decades, to grow a successful business in the U.S. with reliable supply chains and a solid labor force, citing complicated labor and environmental laws and a lesser industrial ecosystem.

Share this @internewscast.com
You May Also Like

Second Mayoral Candidate Assassinated in Veracruz, Mexico Just Before June Elections

TEXISTEPEC – A mayoral candidate from Mexico’s ruling party in the Veracruz…

China and Latin America Form Alliance to Challenge Trump’s Trade Policies

TAIPEI – In response to President Donald Trump’s trade war, China is…

Highway I-70 Covered in Eggs After Semi-Truck Accident in Aurora

DENVER (KDVR) A semitruck carrying eggs crashed on westbound Interstate 70 between…

Opening Arguments Begin in Sean ‘Diddy’ Combs Sex Trafficking Case

IE 11 is not supported. For an optimal experience visit our site…

“Florida Officers and Beachgoer Rescue Three Children from Drowning at Beach”

JACKSONVILLE, Fla. (WFLA) — Jacksonville officers and a beachgoer saved three drowning…

DHS Probes Possible Social Security Benefits for Migrants in California

() The Department of Homeland Security is investigating a California state-funded program…

The Trump Administration Assures Illinois of Funding to Prevent Carp from Entering the Great Lakes

The disagreement between President Donald Trump and Illinois Governor JB Pritzker, which…

Local School and Nonprofit Team Up to Address Community Needs

MAHOMET, Ill. (WCIA) — It was not an ordinary Monday morning at…

Fresh Information Surfaces in Largo Hit-and-Run Incident Injuring Mother and Daughter

LARGO, Fla. (WFLA) — New details highlight how a trip to Walmart…

FDA Commissioner Commends Trump’s Executive Order on Drug Pricing

() Food and Drug Administration Commissioner Martin Makary believes President Donald Trump’s…

‘Oregon Coaches Target 11-Year-Old Player, Leaving Her Emotional’

PORTLAND, Ore. (KOIN) — Brinley Stephens, 11, plays softball for the Astoria…

Fatal Crash on SR-44 in DeLand Leaves 1 Dead and 2 Injured

DELAND, Fla. – The Florida Highway Patrol is investigating a deadly two-vehicle…