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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Sunday, July 14, 2019
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