News

The impact of tariffs is more obvious, and American retailers adjust their supply chains

2020-03-27 管理员 Read 323

       American retailers and consumer goods enterprises are adjusting their supply chains to ensure profit margins, control product prices and avoid being too affected by trade wars. According to the report, American enterprises facing increased import costs have prepared many coping strategies, including selecting the source country of imports as other countries and forcing suppliers to absorb some costs. Many other enterprises are rushing to import goods from China before levying new customs duties next year.

       The report commented that despite the efforts of the American business community to come up with a variety of response methods, the unpredictability of the Trump government's trade policy is complicating the situation. Although the US government recently agreed to suspend the plan of imposing tariffs on China, it is too late for American retailers because most retailers need to complete import orders one quarter in advance, and most of the goods are from China. Many American enterprises believe that readjusting the supply chain is too complicated, and they would rather increase the price of their products. From January to October this year, clothing made in China accounted for one third of the total imports of the United States. Many clothing and furniture enterprises believe that it is a mistake to leave China now, because China is the largest and most comprehensive manufacturing country in the world. Vietnam and other countries lack corresponding production capacity and supporting facilities.