Cambodia hit with highest Trump tariff, but manufacturing ‘absolutely not' coming back to U.S., trade group says [CNBC]
Under Armour, Inc. Class C (UA)
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Source: CNBC
Among U.S. retailers importing from Cambodian factories are Under Armour, Lululemon, Black & Decker, Hugo Boss, Eddie Bauer, Dollar General, and Bass Pro Shops, according to customs data. A trade group that represents U.S. companies relying on manufacturing in Cambodia tells CNBC factories and workers are in a fight for financial survival, but manufacturing is “absolutely not going to go back to the United States.” A garment factory in Phnom Penh, Cambodia. Among the top goals for President Trump and his administration in hitting trading partners with is bringing manufacturing capacity back to the U.S., even if it comes at the price of . But in Cambodia, the Asian country hit with the highest tariff rate of any in the new trade plan, that goal is highly unlikely. While the 49% tariff rate that the Trump administration is placing on Cambodian goods will lead to an existential crisis for Cambodian factories and workers already at the low-end of global income distribution, resho
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