Sunday, July 14, 2019

BUSINESS_ Manufacturers Move Supply Chains Out of China

THE WALL STREET JOURNAL

BUSINESS

Manufacturers Move Supply Chains Out of China

Tariff costs prompt executives to shift production to other countries; ‘Once you move, you don’t go back’


By Austen Hufford and Bob Tita

Updated July 14, 2019 6:57 pm ET


U.S. manufacturers are shifting production to countries outside of China as trade tensions between the world’s two biggest economies stretch into a second year.

Companies that make Crocs shoes, Yeti beer coolers, Roomba vacuums and GoPro cameras are producing goods in other countries to avoid U.S. tariffs of as much as 25% on some $250 billion of imports from China. Apple Inc. also is considering shifting final assembly of some of its devices out of China to avoid U.S. tariffs.

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READ MORE: https://www.wsj.com/articles/manufacturers-move-supply-chains-out-of-china-11563096601



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