atans1

SME caught in Sino Trump tarrif war

In China on 27/08/2018 at 10:25 am

Joyce and her dad have only recently found that the speakers they make in their Chinese factory could see a 25% tariff placed on them when they are sold in the US. Speakers are on the most recent list issued by Washington that targets $200bn worth of Chinese goods.

The tariffs have yet to come into effect – in fact, they are currently only under consideration – but both Joyce and her dad are extremely worried about the impact on their company. More than half of their business in China consists of producing speakers for the US market.

https://www.bbc.com/news/business-45247000

Fortunately they have a plant in Vietnam:

they are already thinking of moving their production to Vietnam to mitigate the Chinese tariff threat.

Still they’ll suffer as these things take time.

Let’s wish them all the best.

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