Some of China’s biggest manufacturers that supply US multinationals from Walmart to Nike find themselves in US President Donald Trump’s crosshairs as his administration discusses new import tariffs.
The US is considering taxing imports from shoes and clothing to consumer electronics, putting on the hook companies including Yue Yuen Industrial Holdings and Li & Fung that help fuel the about $450 billion in Chinese goods imported to America annually. Chinese manufacturers won’t be the only ones hurt in a trade war, as their close relationships as suppliers to American brands will likely create a ripple effect.
“Our greatest fear is a trade