Tag

American Businesses

All articles tagged with #american businesses

economy1 year ago

Trump's Tariff Plans Stir Economic Concerns and Cross-Border Tensions

American businesses are bracing for the impact of new tariffs under Donald Trump's administration by considering strategies such as hoarding goods, raising prices, and altering supply chains. Companies like Stanley Black & Decker are shifting their supply chains away from China, while others like Lowe's are relying on processes developed during Trump's first term when tariffs were imposed on $380 billion worth of imports.

business2 years ago

Chinese police investigate US consulting firm Bain's Shanghai office staff.

Chinese police have questioned staff at the Shanghai offices of Bain & Company, a US consultancy, for unknown reasons. This comes after the closure of the Beijing offices of Mintz Group, an American corporate due diligence firm, and scrutiny of US chipmaker Micron by Chinese authorities. The incidents have caused concern among American businesses in China, with the president of AmCham China stating that the government's actions have sent the message that foreign investment is not welcome.