One Trump Victory: Companies Rethink China [The New York Times]
CHINA NATL BLDGS MT U/ADR (CBUMY)
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Source: The New York Times
One Trump Victory: Companies Rethink China - The New York Times BEIJING — Whatever deal Washington and Beijing reach over the trade war, President Trump has already scored a big victory: Companies are rethinking their reliance on China. The two sides are nearing an agreement, with Mr. Trump saying on Thursday that an “epic” trade pact could be weeks away The move, known as decoupling builds up its military extends its geopolitical influence Now companies in a number of industries are reducing their exposure to China. GoPro, the mobile camera maker, and Universal Electronics, which makes sensors and remote controls, are shifting some work to Mexico. Hasbro is moving its toy making to the United States, Mexico, Vietnam and India. Aten International, a Taiwanese computer equipment company, brought work back to Taiwan. Danfoss, a Danish conglomerate, is changing the production of heating and hydraulic equipment to the United States. Mr. Trump’s victory in this department is not unalloyed.
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