Interviews with over a dozen manufacturers from medical device makers to agricultural equipment firms show how companies in the U.S. are now closely reviewing their options regarding making goods in China. Charles M. Hubbs, European director at Premier Guard, a medical products manufacturer said, "With the latest tariff development, assuming...
In China, Tariff Woes Result in a Shift in Manufacturing
China's era as the low-cost manufacturing center of the world is under some pressure. Over the years, profits began to reduce due to rising costs, tighter regulations, and Chinese government policies. Manufacturers have been experiencing the squeeze as China shifts its priorities from lower-end manufacturing to high technology industries as...