World’s Largest Bicycle Maker: ‘Era of Made in China’ Is Over
Via Billy
The world’s largest bicycle maker is taking no chances.
In September, when President Donald Trump began threatening massive tariffs on Chinese exports to the United States, Giant Manufacturing Co. — located in China — decided to move production of all U.S.-bound bicycle orders to Taiwan to avoid looming financial hits.
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“When Trump announced the plan of 25% tariffs, we took it seriously,” Chairwoman Bonnie Tu said, according to Bloomberg. “We started moving before he shut his mouth.”
Then she dropped a zinger: “Last year, I noticed that the era of Made In China and supplying globally is over.”
Source: https://freenorthcarolina.blogspot.com/2019/06/worlds-largest-bicycle-maker-era-of.html
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