Unlock the editor of the editor for free
FT’s editor, Roula Khalaf, chooses your favorite story this week.
미국 기업들은 도널드 트럼프 대통령의 중국 상품에 대한 20 %의 관세와 함께 20 %의 관세와 함께 중국 공급 업체의 가격 인하, 교대 생산 및 미국 소비자의 가격 인상을 위해 경주하고 있습니다.
Trump has promised 60 %of Chinese products, and the White House can disclose mutual tariffs on countries around the world on April 2 for imports from imports from China.
It’s not clear how high the tariffs are, but the US and Chinese companies are looking for a solution and rethink the supply chain to reduce their dependence on China.
Jeff Howie, the chief financial officer of home furniture retailer Williams-Sonoma, said, “It was the best to get expenses from suppliers.
Howie continued to switch sourcing in China, reducing Chinese products from 50 %to 23 %in 2018. He also said he will expand production in the United States and “convey the target price increase to customers.”
Pottery barn owners are one of some US retailers. COSTCO and Walmart have already called for the price cut of the supplier, and the latter has been raised by the Chinese authorities to explain his thinking.
In addition to the demand for price cuts and the movement to change production elsewhere, large companies emphasize how large companies have built greater elasticity and flexibility in the supply chain according to Trump’s first trade war and Covid-19 Pandemic.
US and Chinese companies say the latest tariffs have accelerated the production diversification that began during Trump’s first term.
Richard McPhail, the chief financial officer of the Housing Improvement Giant Home Dipo, said, “2017 tariffs have been definitely caused, and we are in a different location.
Ted Decker of Home Depot added that many suppliers have shifted some manufacturing in China over the past seven years. He said that about one -third went to Southeast Asia, one -third of Mexico, and one -third of the United States.
Elegant Home-Tech, a Chinese manufacturer that delivers vinyl flooring to the United States, including home depot warehouses, started building a factory in Mexico in 2023 after Trump’s first tariff.
The $ 60 million plant said that the company’s manager would not be nominated that it would begin to transport flooring to the United States this summer. This group hopes that it will not fall into the crossfire of the US-Mexican trade tension.
The administrator said, “Everything is uncertain.” “This is difficult for manufacturers, importers and retailers.”
Elegant Home-Tech negotiates with customers on how to share the added tariff burden, and is now 50 %. This includes 25 %and normal 5 %in Trump’s first period.
The administrator said, “Our interests are very small.” It is impossible to pay all the tariffs. We’ll probably split the cost. we are [in-store] The price will also rise. ”
China’s pet food manufacturer PETPAL PET NUTRITION TECHNOLOGY told investors that the factory in Vietnam and Cambodia would be “fully acquired of US customers.”
Similarly, China’s battery driving tool manufacturer Globe said, “The Vietnam plant has basically applied US exports.”
The problem with a company that changes production elsewhere is that you are not sure who will hit the tariff next time. Trump said the only clear way to avoid tariffs is to move production to the United States.
Jay Schottenstein, the chief executive of apparel brand American Eagle, said, “I don’t know what tariffs are, when and when and where.” We do not know what will be in Vietnam, do not know China, and don’t know India. We don’t know Bangladesh. “
“We will not jump from everywhere until we know exactly what the story is,” he said to the analysts.
Nevertheless, US eagle executives have already prepared for several months and have planned to reduce China’s sourcing to “single digits” until the second half of the “high -pitched teenage” ratio.
For retailers, especially retailers who rely heavily on China’s manufacturing, the effect will add to it.
Discount retailer 5, which supplies about 60 %of its products in China, is expected to increase the percentage point of the total margin this year despite the best efforts to alleviate its impact.
Kristy Chipman, the financial officer of Five Utils, told analysts that the group would like to renegotiate the prices with the supplier and raise the price of shift production and stores.
“The width and scale of the recent tariffs are important,” she said.
Additional report of Nian Liu in Beijing and Thomas Hale of Wenjie Ding and Shanghai
