Trump forces US companies to relocate factories from China - China news
- 4 years ago
Trump forces US companies to relocate factories from China.
In nearly four years in power, President Donald Trump has forced a series of American businesses to rethink supply chains in China.
According to the South China Morning Post, when Trump was elected president in 2016, most of the furniture at M Group's high-end hotels was made in China. After four consecutive years of tax liability, M Group relocated 50 percent of its production lines to Vietnam, Malaysia and Eastern Europe.
"We finally found a solution. My son and I are constantly flying to many parts of the world looking for resources and suppliers", South China Morning Post quoted H. David Murray, M Group President, revealed.
Initially, the Trump administration imposed an anti-dumping tax of 341 percent on Chinese-made quartz desks, followed by taxes on machining cabinets, dressing tables, kitchen cabinets and bedside boards. . Mr. Murray admitted that if the US-China trade war lasted, he would take the entire production line out of China.
Supply chain changes.
However, M Group will not bring the factory to the US. “A lot of hotel furniture was made in North Carolina but that was 20 years ago. If the government now gives me $ 5 million to open a factory in North Carolina, I have to find workers aged 68 to 70 because only they have the necessary skills, "he said.
“Supply chain is also a big problem in America. It will take 3 to 5 years for me to settle down.
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In nearly four years in power, President Donald Trump has forced a series of American businesses to rethink supply chains in China.
According to the South China Morning Post, when Trump was elected president in 2016, most of the furniture at M Group's high-end hotels was made in China. After four consecutive years of tax liability, M Group relocated 50 percent of its production lines to Vietnam, Malaysia and Eastern Europe.
"We finally found a solution. My son and I are constantly flying to many parts of the world looking for resources and suppliers", South China Morning Post quoted H. David Murray, M Group President, revealed.
Initially, the Trump administration imposed an anti-dumping tax of 341 percent on Chinese-made quartz desks, followed by taxes on machining cabinets, dressing tables, kitchen cabinets and bedside boards. . Mr. Murray admitted that if the US-China trade war lasted, he would take the entire production line out of China.
Supply chain changes.
However, M Group will not bring the factory to the US. “A lot of hotel furniture was made in North Carolina but that was 20 years ago. If the government now gives me $ 5 million to open a factory in North Carolina, I have to find workers aged 68 to 70 because only they have the necessary skills, "he said.
“Supply chain is also a big problem in America. It will take 3 to 5 years for me to settle down.
---------
China News specializes in providing the latest Chinese news videos, Chinese hot news, Chinese business news, as well as information on Chinese politics, Chinese culture and the Chinese military.
Updated daily and most complete.
Follow us to get the latest China news and get the most complete, insightful insight into the country and people of China.