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The president has spoken of tariffs as a tool to encourage the reshoring of jobs back to the U.S. Although this may be true for large-scale manufacturing—Volvo is increasing production at its Ridgeville plant in South Carolina, for example—it is not true for many firms which rely on China for production. Three-quarters of all U.S. toys are manufactured there.
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‘부화방탕 대명사’ 북한 2인자 최룡해의 퇴장 [주성하의 ‘北토크’]
“We planned to open a factory in India, but then there was a fallout there, and tariffs were imposed, so we had to cancel that idea,” says Smeaton.
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