The fitness tracker and smartwatch maker Fitbit announced it will move manufacturing operations out of China to avoid tariffs as President Donald Trump’s trade war continues to sow uncertainty for many U.S. businesses. “In 2018, in response to the ongoing threat of tariffs, we began exploring potential alternatives to China,” Ron Kisling, the chief financial […]
Google Latest Company to Abandon China, Shifts Smartphone Production to Vietnam…
Google has reportedly become the latest company to aggressively move production out of China and in to Vietnam as it hopes to create a “low-cos supply chain in Southeast Asia” that “will serve as a springboard for its growing hardware ambitions,” according to Nikkei Asian Review. Google, which is working with a partner to manufacture […]
China Allows Currency to Drop – President Trump Responds – Devaluation Lowers Consumer Import Prices…
DOW Stocks Plunge 767 Points as U.S.-China Trade War Deepens…
U.S. stocks went into freefall on Monday, with the Dow Jones Industrial Average down 900 points at its low before curbing some of those losses, ending the session 767 points lower. All three of the major market averages lost about 3 percent led by the tech-heavy Nasdaq Composite in what is the worst session of […]
Beijing Launches DPRK Rockets Over Escalating Trade Tension – Trump Launches Treasury Missile Designating China a Currency Manipulator…
Beijing has once again used their proxy province of North Korea to launch small two short-range ballistic missiles as leverage in the U.S. and China trade confrontation – ” For the fourth time in less than two weeks, North Korea has fired projectiles into the Sea of Japan, a U.S. official said. The two projectiles, […]
Trade War Tariffs Continue to Gnaw Away at China’s Manufacturing Outlook…
New U.S. Tariffs Will Hurt Investment in China…
Chinese Goods Navigate Alternate Trade Routes to Avoid Tariff Charges…
Higher U.S. tariffs from the trade war with China are altering patterns of world trade as exporters use third countries to bypass the duties, data reveals. Chinese exports to the U.S. tumbled by $15.2 billion, or 12%, in the January-March quarter of 2019 on a year-on-year basis. But an analysis conducted by Nikkei showed that […]