The U.S. and China trade war escalation continues with new tariffs of 10% on $200 billion of Chinese imports starting yesterday.
Let’s rewind back to March. President Trump tweeted that “trade wars are good, and easy to win”. Trump’s invite to this trade war was about unfair Chinese trade practices, including American companies being forced to surrender their trade secrets to obtain access to the Chinese market and cybertheft of U.S. technology. Many industry groups and both political parties would agree that China is at least partially guilty of such violations, but this unfolds a greater economic impact. Continue reading Trump’s trade war with China is getting hot.→
The trade escalation continues as China set tariffs on $60 billion in U.S. goods after President Trump announced tariffs on $200 billion in Chinese goods. This escalation goes beyond the back and forth between the two countries, but they need to sit down and negotiate an outcome that benefits both parties. The credit-ratings agency, Moody’s, expressed that the tariffs will hurt the global economy “by distorting prices and creating inefficiencies globally.” Uncertainty still remains among many companies as they rely on global supply chains for their businesses.
David has been in the contract manufacturing business for the last 15 years. This great video with our partner, Tracy Hazzard, highlights how we are turn-key with supply chain management and product development. Great overview of who we are and what we do!
The president’s impulsive policy decision is already doing serious damage
President Trump has long felt the United States is getting ripped off when it comes to trade. He’s lamented it at campaign rallies, he’s tweeted about it repeatedly and this year he finally decided to do something about it. It’s a simple fix, Trump reasoned: Just tax the hell out of America’s biggest trade partners. “When a country (USA) is losing many billions of dollars on trade with virtually every country it does business with, trade wars are good, and easy to win,” Trump’s tweeted in March after imposing tariffs on foreign steel and aluminum. “Example, when we are down $100 billion with a certain country and they get cute, don’t trade anymore-we win big. It’s easy!” Continue reading A Brief Overview of What Trump’s Tariffs Have Wrought→
And the China vs. U.S.A tariff conversation continues.. What will take place this Friday? Check out this article Written by GRACE DOBUSH
When mutually threatened tariffs on $34 billion goods come into effect this Friday, China will get a head start on the United States, Reuters reports. Implementation is set to start at midnight July 6 in both countries, which gives Beijing a 12-hour advantage on Washington. President Donald Trump has threatened to increase the scope to $450 billion if China indeed retaliates against his 25% tariff. Continue reading Here’s What Will Happen When China and U.S. Tariffs Take Effect Friday→
Robotic arms weld vehicle frames in a weld shop at an automotive manufacturer in China. Photographer: Qilai Shen/Bloomberg
Robots can be flexible in some ways but are not yet infinitely flexible like humans are. Great article Written by Anna-Katrina Shedletsky entailing the choice between robots and humans for the manufacturing process. You’ll be intrigued.
When dealing with overseas manufacturing, you will encounter the following players: trading companies/importers, buying agents, sourcing agents, representatives, wholesalers and factories.
Let us dive into the different types of suppliers and what differentiates them:
1. Trading Companies/Importers
There are two types of trading companies: the low value-added versus the high value-added trading companies. They typically make money by adding a margin to the cost of the actual production costs, and usually deal with a wider array of product categories. Trading companies have local China offices with a team of project managers that can be helpful depending on the complexity of your product. In addition, they may have great relationships with factories and help with communication in Chinese. Continue reading Types of “Manufacturers” in China→
Stealtho is an example of how a successful Kickstarter campaign can be if you do it right. Stealtho fixed a typical caster wheel by using elastic polyurethane. This material is exceptionally quiet as it moves. This inspiration came from looking at other options in the market, but most importantly, they took the concept and dived deeper into market and consumer research. This led to Stealtho convincing their investors that they reinvented the wheel. It’s the perfect example of an everyday product getting a powerful overhaul! Written by: Wanda Thibodeaux, Copywriter, TakingDictation.comContinue reading This Company Just Got 824 Percent Past Its Kickstarter Goal to Redesign This Basic Product→
When it comes to choosing the best overseas manufacturer in Asia, two of the most common places for manufacturing are India and China. Both countries have very dynamic manufacturing capabilities and unique economic landscapes with proven skills, strengths and weaknesses that make both countries viable choices. However, it is imperative to weigh your choices carefully by considering specific external factors that will have an impact on your supply chain.