Japan’s Sony, Ricoh and Asics Join Manufacturers’ Mass Exodus from China’s Factories as US Tariffs on Made-in-China Products Bite

The following appears on scmp.com

Top Japanese companies including Sony, Ricoh and Asics are orchestrating shifts in production away from China, joining manufacturers from other countries seeking to sidestep US tariffs.

Sony said last week that trade-war levies may cause it to raise prices or move production of PlayStation consoles, cameras and projectors outside China, steps that could affect profit for the year ending March by about 10 billion yen (US$94 million).

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SOURCE South China Morning Post

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