WASHINGTON : A broad range of US companies told a hearing in Washington on Monday they have few alternatives to China for producing clothing, electronics and other consumer goods.
The comments came on the first of seven days of hearings that began on Monday, held by the US Trade Representative's Office , on US President Donald Trump's plan to hit another US$300 billion worth of Chinese imports with tariffs. Sourcing from other countries will raise costs, in many cases more than the 25 per cent tariffs, some witnesses told US trade officials.
Mr Mark Flannery, president of Regalo International, a maker of baby gates, child booster seats and portable play yards, said pricing quotes for shifting production to Vietnam - using largely Chinese-made steel - were 50 per cent higher than current China costs, and quotes from Mexico were above that.But in the drive to pressure China, USTR put them back on the list, along with other products spared previously.
Source: News Formal (newsformal.com)
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