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World reacts to U.S. strikes on Iran with alarm, caution — and some praise

时间:2010-12-5 17:23:32  作者:Breaking News   来源:Economy  查看:  评论:0
内容摘要:At the start of May, she helped her side, London City Lionesses, win promotion to become the first fully independent women's club to play in the Women's Super League, the top division in England Women's football.

At the start of May, she helped her side, London City Lionesses, win promotion to become the first fully independent women's club to play in the Women's Super League, the top division in England Women's football.

Some Chinese businesses are indeed on the move - but not to America.An hour outside Cambodia's capital Phnom Penh, businessman Huang Zhaodong has built a new factory to cater to a flood of orders from US giants Walmart and Costco.

World reacts to U.S. strikes on Iran with alarm, caution — and some praise

This is his second factory in Cambodia, and together they produce half a million garments a month, from shirts to underwear. Hangers carrying cotton trousers roll past us on an automated line, moving from one station to the next as the elastic waist is inserted and hemlines are finished.Now, when prospective US customers lob the first question, which he has come to expect - where is he based - Mr Huang has the right answer. Not in China."In the case of some Chinese firms, their customers have told them: 'If you don't move production overseas, I'll cancel your orders'."

World reacts to U.S. strikes on Iran with alarm, caution — and some praise

The tariffs raise tough choices for suppliers and retailers, but it's not always clear who will bear the brunt of the cost. Sometimes it will be the customer, Mr Huang says."Take Walmart as an example. I sell them clothes at $5, but they usually mark it up 3.5 times. If the cost increases due to higher tariffs, the price I sell to them might rise to $6. If they mark it up by 3.5 times, the retail price would increase."

World reacts to U.S. strikes on Iran with alarm, caution — and some praise

But usually, he says, it is the supplier. If his production line was in China, he estimates an extra 10% tariff could take an extra $800,000 (£644,000) from his earnings.

"That's more than what I make as profit. It's huge and we can't afford it. If you're making clothes in China under such tariff conditions, it's unsustainable," he says.His White House comeback will be dramatic and eventful, with consequences felt around the world. It may change America in fundamental and lasting ways.

Follow the twists and turns of Trump's second presidential term with North America correspondent Anthony Zurcher's weekly. Readers in the UK can

. Those outside the UK canThe High Court has said it expects to rule on Friday on whether far-right activist Stephen Yaxley-Lennon can challenge his jail conditions.

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