US EditionOklahoma-based Simple Modern hit by China trade war
- US President Donald Trump imposed high tariffs on goods from China.
- These tariffs triggered a slump in factory orders for Chinese manufacturers.
- Guangzhou clothing factory owner Xiao Junyi saw 20 to 30 percent of orders affected.
- US tariffs now reach 145 percent for most products and 245 percent on others.
- Some manufacturers fear lost business may never return and seek other markets.
38 Articles
38 Articles
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Oklahoma-based Simple Modern hit by China trade war
MOORE, Okla. (KFOR) — Oklahoma-based drinkware company Simple Modern says a trade war with China could cost it millions. Simple Modern CEO Mike Beckham told News 4 Thursday at the company's headquarters in Moore that President Donald Trump's decision to impose a 145% tariff on China and the country's own retaliatory tariffs had driven up costs for his company to around $100 million. Simple Modern produces various drinkware and containers, most p…
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