Chinese companies flee overseas to avoid US tariffs


Its statement came after President Donald Trump tweeted Sunday that if the automaker built its crossover model on American soil then it wouldn't pay any tariffs.

On 31 August, citing Trump's new tariffs, Ford said it was dropping plans to ship the Focus Active from China to America.

Over the weekend, President Trump acknowledged via a tweet (how else) that Apple might raise prices on some of its products as a result of the president's proposed $200 billion tariffs on China. Trump was quick to tweet that Ford should consider a US production of the auto paying no extra tariffs.

Ford promptly shot down such a prospect, responding that "it would not be profitable" for the company to build the vehicle in the United States because of the relatively low sales volume it has forecast.

The Cupertino, California, company makes most of its products - most notably, the iPhone - in China, but Trump says it could avoid tariffs by moving manufacturing back home.

But the President offered Apple an "easy solution" to its potential price headache: just make it in the US.

The United States President Donald Trump has once again called on Apple to shift production to the USA if they wants to avoid "massive tariffs".

Zhejiang Hailide New Material ships much of its industrial yarns, tyre cord fabric, and printing materials from its plant in eastern Zhejiang province to the USA and other countries.

The automaker has already said it has no plans to restart production elsewhere.

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For now, that means Ford simply won't sell the vehicle in the United States.

An Apple spokesman did not immediately respond when asked for comment.

"It is hard to see how tariffs that hurt US companies and USA consumers will advance the Government's objectives with respect to China's technology policies".

"Every $1bn of demand destruction could impact earnings by ~0.05", the BofA report said, adding that manufacturing in the U.S.

A USA flag is seen during a welcoming ceremony in Beijing, China, November 9, 2017. Ford confirmed to The New York Times that it will not build or sell the Focus Active in the United States.

Chinese factories making everything from bikes to tyres, plastics and textiles are moving assembly lines overseas to skirt higher customs taxes on their exports to the United States and elsewhere, according to public filings.

Intel Corp said proposed tariffs would negatively affect US businesses and "stifle advancements" in telecom infrastructure, including next generation technologies like 5G.

The world's two biggest economies are clashing over United States allegations that China deploys predatory tactics - including outright cybertheft - to acquire technology from USA companies and challenge American technological dominance.