08-12-2019, 09:10 AM
Hi guys,
With Trump's crusade to increase the taxes on China's luxury goods exports to the US due to arrive this September .... and with the possibility of this 10% tax rising to 25% ....... things are looking less good for China's production of luxury and many other goods which also include cameras, smart phones etc.
Japanese camera manufacturers such as Nikon and Panasonic saw what was coming, Nikon folded their Chinese factory producing the Nikon 1 series in 2017, under the auspice of lesser demand for the camera, but probably more likely, they foresaw what was coming!
Panasonic have also closed down a plant producing sensors, capacitors and memory cards ... again they saw the financial burden of a certain downturn in producing goods in China and plan to produce elsewhere.
This means there will be less reason for foreign countries to invest in Chinese based plants .... knowing they will be walking straight into US trade barriers.
it's going to be a tough call for camera manufacturers to produce out of China and a good opportunity for other countries to take their place.
With Trump's crusade to increase the taxes on China's luxury goods exports to the US due to arrive this September .... and with the possibility of this 10% tax rising to 25% ....... things are looking less good for China's production of luxury and many other goods which also include cameras, smart phones etc.
Japanese camera manufacturers such as Nikon and Panasonic saw what was coming, Nikon folded their Chinese factory producing the Nikon 1 series in 2017, under the auspice of lesser demand for the camera, but probably more likely, they foresaw what was coming!
Panasonic have also closed down a plant producing sensors, capacitors and memory cards ... again they saw the financial burden of a certain downturn in producing goods in China and plan to produce elsewhere.
This means there will be less reason for foreign countries to invest in Chinese based plants .... knowing they will be walking straight into US trade barriers.
it's going to be a tough call for camera manufacturers to produce out of China and a good opportunity for other countries to take their place.