Avoid Trump tariffs, some Chinese companies moved to Cambodia’s “Special Economic Region”

Phnom Penh, Cambodia – CBS newsgroup of our CBS newsgroup, as the capital of Cambodia passes in the south of the capital, Phnom Penh, the convoy of semi-trucks. Subsequent moments were faced with a plaque in two languages ​​- local Khmer and the bottom, under the bottom.

There can be no mistake about who those who are responsible for the “special economic zone” rising from dirt. The Chinese manager approached a furniture factory they invited us to take some video.

The production company, which made the Ottomans, moved to Cambodia about China about a month ago.

We asked the manager about their neighbors in the economic zone and said that most of the companies were in Chinese. The driving promotion behind the relocation of these production operations has many companies that are eligible for the US Chinese goods and choose to invest.

The scale of the industrial park growing in the south of Cambodia is difficult for Fathom. Construction continues for kilometers.

The US-China Trade War, the main reason for the explosion in a relatively small nation of China, is about 600 miles in China about 600 miles.

Before the President Trump launched in 2016, Cambodia’s exports to the United States were about $ 3 billion a year. Last year, they were $ 13 billion, which represented about 30% of the country’s GDP.

The Cambodian government has a total of $ 9 billion in China – more than half of the factories in the country.

CBS News President of the American Chamber of Commerce Casey Barnett is a tool to prevent Casey Barnett tariffs.

Chinese companies operating in Cambodia are skirting US TariffsThey are technically played by rules. However, because the Trump leadership puts China strongly in China’s economic crosshairs, there are concerns that the country in Cambodia can provide hostage damage to its economy.

“We are completely dependent on exports to the United States and can be a sensitive goal,” Barnett said.

Mr. Huang for the owner of the shipping plant, will be destructive. President Trump’ın targeted their goods like China, but Cambodia – aware of the prospect made with new tariffs.

No new, Huang, 20 years ago in Cambodia, while continuing factories in China, 20 years ago, Cambodia, tax breaks and the lowest wage in the country. However, when the Trade War began in 2018, it transferred all operations to Cambodia.

He said CBS news that 60% of his business with the goods to receive acquaintances in the US market, including Walmart and Costco.

Huang said the orders were arrested for announcing the new tariffs of China, who came into force on Tuesday, Mr. Trump.

The US-China Trade War has increased

Mr Trump applied 10% blankets Tariff on Chinese imports In early February, taking revenge measures 15% to US imports 10% tariff for coal and liquefied natural gas, crude oil, agricultural machinery and some cars. Last week, Mr. Trump threatened all the other 10% of all imports entered into force on Tuesday, resulting in a total of 20% of the chunse goods imported to the United States

Mr. Trump, China’s tariffs, because Pecky’s death could not open the fatal flow of Fentanyl to the United States

Already Peckin plans more countermeasure.

“China, the study and formation of relevant measures related to the threat of applying 10% of tariffs to Chinese products in the excuse, the Global Times newspaper reportedly referring to an anonymous source.

“In the opposite, both tariffs and a number of tariffs and a number of tariffs, and the United States will be listed, mostly,” he said.

CBS news reached the White House for comments and will update with any response.

When Mr. Trump’s Mr. Trump did not burn the economic weapon to the most tariffs in Cambodia, Huang CBS news will become more Chinese companies to become neighbors in the country.

“Of course,” said the businessman. “Many people say that they need a factory building, they need to move immediately, because they think taxes are going.”

He believes that the trade war is due to the increase, and he believes that Cambodia and other Southeast Asian countries are the future for Chinese producers.