US Companies Returning Back to China
Quote from Ndubuisi Ekekwe on March 19, 2023, 9:16 PM"Adam and Amy Fazackerley shifted production of their drawstring organizers for cosmetics and travel to Cambodia from China in 2019 in response to U.S. tariffs aimed at curbing Chinese imports. Now they have started moving orders back to China. The reason: The U.S. hasn’t renewed a decades-old trade deal for developing countries. Their imports from Cambodia now face tariffs, too, crushing profit at their company Lay-n-Go LLC, based in Alexandria, Va.", WSJ reports on how SMEs in the United States are returning back to China for supply chain.
"Adam and Amy Fazackerley shifted production of their drawstring organizers for cosmetics and travel to Cambodia from China in 2019 in response to U.S. tariffs aimed at curbing Chinese imports. Now they have started moving orders back to China. The reason: The U.S. hasn’t renewed a decades-old trade deal for developing countries. Their imports from Cambodia now face tariffs, too, crushing profit at their company Lay-n-Go LLC, based in Alexandria, Va.", WSJ reports on how SMEs in the United States are returning back to China for supply chain.