How are firms dealing with US import tariffs on Chinese goods that could persist?

by Admin
How are firms dealing with US import tariffs on Chinese goods that could persist?

For instance, having spent almost a decade plugged into a mature supply chain in China, Igloo plans to continue to base most of its operations there.

“The supply chain landscape usually takes years to build up to its quality and also maturity, so I think we still continue to balance by tapping the China resources, as well as to continue manufacturing our own products overseas.” said Mr He. 

Mr Liu Ning, whose manufacturing firm Bolan Intelligent Technology Co – Igloo’s Chinese partner – has worked closely with US companies for more than 20 years, similarly plans to stay in Guangdong’s industrial city Huizhou.  

Almost half of his firm’s business goes to the US, he said.

“I believe we’re inseparable. No matter who’s going to be president, I don’t think there will be a big impact,” he said.

“We have stable customers not just in the US, but also in Japan and Europe, so we are not worried.”

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