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China-US tariffs shift consumer appliance metal supply chain

From spglobal.com

Consumer appliance manufacturers in China are moving production outside the country to avoid exposure to the China-US tariff disputes, altering aluminum and other metal supply chains, market sources said Wednesday.Panasonic has moved production of car air conditioning units to Thailand and Malaysia from China, while Daikin plans to move some aluminum compressor production to Thailand, the companies said. Key Chinese home appliance producers are relocating capacities too, China Household Electrical Appliance Association said Wednesday. The tariffs would affect air conditioning units, refrigerators and washing machines ... (full story)

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  • Category: Fundamental Analysis