April 21, 2025, 10:41 p.m.
Tariff pressure triggers China Inc.'s southbound shift — Lenovo, Haier relocate hubs to India
With US-China trade tensions escalating, the Trump administration has hiked tariffs on Chinese imports to as high as 245%, sharply increasing pressure on Chinese exporters. In contrast, Indian goods entering the US still face a modest 10% tariff during the cu…
Tariff pressure triggers China Inc.'s southbound shift — Lenovo, Haier relocate hubs to India
With US-China trade tensions escalating, the Trump administration has hiked tariffs on Chinese imports to as high as 245%, sharply increasing pressure on Chinese exporters. In contrast, Indian goods entering the US still face a modest 10% tariff during the cu…