US Tariffs on China Hurt Local Job Market Growth, Economy – Bloomberg

Posted by technocraticnihilist

3 Comments

  1. No1PaulKeatingfan on

    > As it was retooling its business, CIE executives discovered something about one of the rivals that pushed for the tariffs: Alabama-based Pitts Enterprises was importing thousands of chassis from Truong Hai Group Corp., a privately held Vietnamese company that makes cars, buses and trucks for the likes of Kia, Mazda and Peugeot.

    > With CIMC’s trailers knocked out of the market, Pitts had orders from customers to import almost 18,000 chassis made by its Vietnamese partner over a roughly 16-month period. CIE suspected that the chassis included parts and raw materials, mainly steel, from China. **Which meant they ought to be subject to the very same tariffs Pitts had lobbied to have put on CIMC’s old Chinese-made chassis.**

    Bruh.

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