President Donald Trump's new tariffs are helping to erodeChina's appeal as a place where stuff gets made.
Ricoh Co. is moving some manufacturing from China to Thailand toavoid potential risks from the U.S.-China trade tensions, theJapanese office-equipment maker said Thursday. That came hoursafter a report that Taiwan's Kenda Rubber Industrial is investingin Vietnam to do the same.
Those two examples are just the most recent from a chorus ofexecutives who are citing the trade war as the final straw in theirshift out of China, with margins already squeezed by rising laborcosts, tougher environmental standards, and domestic competition.Last week, Trump hiked tariffs on $200 billion of Chineseimports, and the U.S. is readying the expansion of thattreatment to the remainder.
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Meg Waters
Meg Waters is the editor in chief of Treasury & Risk. She is the former editor in chief of BPM Magazine and the former managing editor of Business Finance.
