American-Made Parts: Trade Clash and Trade War

american-made parts: The reason New tariffs in the trade clash between the United States and China have made the American-made parts too expensive, according to CNN. The company, which employs about 100 people, would have made the shift to local production eventually, but the trade war accelerates the transition, He told CNN. The world's top two economies have imposed tariffs on hundreds of billions of dollars of each other's goods. Smart Take The trade war with the United States could help China's economy in the long run The tariffs are pushing Chinese companies to upgrade technology to become more competitive The conflict is also expected to prompt Beijing to double down on efforts to boost homegrown innovation But the company, Suzhou Osaitek Photoelectric Technology, is now speeding up plans to produce the components itself, according to He Zhongya, its chief engineer. The measures are expected to take a heavier toll on China's economy, which relies more on exports and has already started losing steam this year. The crisis incentivizes China to develop faster, said He.A factory in eastern China that makes medical equipment, one of the industries where the Chinese government wants to boost homegrown technology. context Image Object name A factory in eastern China that makes medical equipment, one of the industries where the Chinese government wants to boost homegrown A factory in eastern China that makes medical equipment, one of the industries where the Chinese government wants to boost homegrown technology. url down' on tech The US Commerce Department starkly exposed China's reliance on American technology this year when it blocked US companies from selling vital components to Chinese telecommunications hardware maker ZTE, forcing it to halt almost all of its operations. Read More But the conflict is encouraging Chinese companies and government officials to move ahead with changes that could eventually make the economy more competitive and more appealing to foreign investors. (news.financializer.com). As reported in the news.