Companies from PRC have begun to transfer production to American sites to avoid high customs duties to import their products in the United States. The newspaper writes about it South China Morning Post (ScMP).
The material offers a comment by the President of the Consulting Company that helps Chinese enterprises localize the production of production in the United States of America. According to the expert, in the last four months, the company received a job displacement request. In 2024, from January to December, the same number of appeals applications.
As entrepreneurs from China point out, they cannot afford to “lose” the American market.
Ryan Zhou, the owner of an enterprise for gift production in East China, said that 95% of the orders received by their companies are in the USA. On the other hand, for the production of electronic components, the company president Leo Lee admitted that the company’s expenses would increase if it was transferred to American sites. However, this will still be more profitable than paying 145%customs duties.
He also commented on the situation, the founder of Chem1 E Inmin Consulting Company. He emphasized that the construction of factories in the United States is a “particularly logical step için for Chinese petrochemical enterprises. The reason for this is that even relatively low tasks of 10% can greatly affect the work.
Previously Trump promised Reduce tasks on goods from China.
What are you thinking?
Source: Gazeta
Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.