THIS US-OWNED FACTORY IN CHINA MADE TOYS FOR WALMART. TARIFFS PUT IT ON LIFE SUPPORT
https://media.zenfs.com/en/reuters.com/769a63fa8d065ac54f68603b802768d8
✍️ Huntar Company Inc., a US-based toy manufacturer, is struggling to survive due to the 145% tariff on Chinese imports imposed by President Donald Trump. The company's CEO, Jason Cheung, has cut production by 60-70%, laid off a third of his Chinese workers, and is now considering moving his operation to Vietnam.
👉 Huntar Company Inc. is a US-based toy manufacturer that has been severely impacted by the 145% tariff on Chinese imports 👉 The company's CEO, Jason Cheung, has cut production by 60-70%, laid off a third of his Chinese workers, and reduced hours and wages for those still employed 👉 Cheung is considering moving his operation to Vietnam, but faces significant challenges 👉 The company's plight is a microcosm of the crisis facing countless factories in China, where about 80% of toys sold in the US are manufactured
-- #JasonCheung #DonaldTrump #RickWoldenberg #China #Vietnam #UnitedStates #California #SanFrancisco #BayArea #Geneva #business
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