From WSJopinion: My U.S. firm pays tariffs on our tennis balls. Our Chinese competitor doesn’t, writes Penn chairman and CEO Johan Eliasch
A Chinese investor group made money from every shot this weekend at the U.S. Open Finals, and in large part it’s due to tariffs on tennis balls made in China.
The Chinese consortium, led by Anta Sports Products, recently bought Wilson, the brand that supplies the tournament with balls. The company I run, the Head Penn Sports Group, is Wilson’s main competitor. My firm currently supplies more than half the tennis balls bought in the U.S. If you’re one of the 18 million Americans who play, chances are you’ve used Penn balls...
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