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

Urgent: VSP and Smyth County Sheriff’s Office Seek Public’s Help in Locating Missing Senior from Marion

The Virginia State Police (VSP) have announced a senior alert in cooperation…

Thanksgiving Forecast: What Central Florida Can Expect This Year

ORLANDO, Fla. – Central Florida is gradually emerging from the cooler temperatures…

Countdown to Innovation: SpaceX’s Falcon 9 Rocket Launch Set for Tuesday from Florida

CAPE CANAVERAL, Fla. – On Tuesday, SpaceX is set to send another…

Persistent Thunderstorms Heighten Flooding Risks Following Atmospheric River’s Impact on California

LOS ANGELES – California recently faced the wrath of a formidable atmospheric…

Unlocking Justice: House Republicans Rally for Epstein Files Release

WASHINGTON – As the House gears up for a pivotal vote, lawmakers…

Chile’s Political Crossroads: Hard-Right Gains Momentum Ahead of Tense Presidential Runoff

SANTIAGO – As Chile approaches a contentious presidential runoff, the spotlight is…

Record-Breaking Turnout: Over 1,000 Runners Join Girls on the Run Seasonal 5K Event

JOHNSON CITY, Tenn. (WJHL) — Following months of preparation throughout the fall,…

Epstein Files: Unraveling the Next Chapter Amidst Trump’s Social Media Stir

WASHINGTON – The House of Representatives is poised to vote on a…

Tragic Landslide in Vietnam: Six Perish as Torrential Rains Trigger Mountain Pass Disaster

HANOI – A catastrophic landslide on a perilous mountain pass in Vietnam…

Florida Introduces Campus Guardian Angel Drones to Boost Safety in Volusia County and Beyond

VOLUSIA COUNTY, Fla. – On Monday, Florida Education Commissioner Anastasios Kamoutsas revealed…

Bessent Proposes $2K Tariff Rebates for Hardworking Families

According to Bessent, the benefits from tariffs might manifest in various ways,…

Rich-R-Tone Records Marks 80 Years with Exclusive Commemorative Box Set Release

JOHNSON CITY, Tenn. (WJHL) — The Down Home venue was buzzing with…