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‘You prepare for war’: how one U.S. firm tried escaping Trump’s China tariffs | Rueters

‘You prepare for war’: how one U.S. firm tried escaping Trump’s China tariffs | Rueters

The 70-year-old had spent half his life building supply chains in southern China to produce goods for big-box U.S. retailers. But he had never reshuffled one on short notice, with tariffs hanging over his head.

“It is the hardest thing I’ve ever had to do in all my 30 years in the business,” said Sloven, president of Capstone International HK Ltd, a division of Florida-based Capstone Companies.

“You’ve got packaging, assembling, auditing, labor, overheads, components, logistics, transportation,” he said. “I went from first gear to fourth gear very quickly.”

Source: ‘You prepare for war’: how one U.S. firm tried escaping Trump’s China tariffs | Rueters

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