manufacturing Archives - 247 OnPoint Logistics https://eds-international.com/blog/tag/manufacturing/ 247 OnPoint Logistics Mon, 05 Jul 2021 06:22:14 +0000 en-US hourly 1 https://wordpress.org/?v=6.0.1 US-China Trade War Reshaping Global Economy https://eds-international.com/blog/us-china-trade-war-reshaping-global-economy/ https://eds-international.com/blog/us-china-trade-war-reshaping-global-economy/#respond Mon, 01 Jul 2019 09:22:13 +0000 https://eds-international.com/blog/?p=2294 As a result of the ongoing trade war between the US and China, we expected data to show that imports from China had dropped and affected companies are relocating production back to the US. In reality, Chinese exports are not dropping, and production is not returning to the US but rather it is moving to places like Vietnam, India, Mexico and Thailand. The Numbers Before digging deeper into this phenomenon, let’s look at the chart below, compiled by the BBC, to get a grasp of the magnitude of the tariff situation.   Painful Start To The Transition That doesn’t mean

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]]> https://eds-international.com/blog/us-china-trade-war-reshaping-global-economy/feed/ 0 Spring in China: reduction in VAT rates provide long-expected savings for both consumers and businesses https://eds-international.com/blog/spring-in-china-reduction-in-vat/ https://eds-international.com/blog/spring-in-china-reduction-in-vat/#respond Wed, 24 Apr 2019 06:45:43 +0000 https://eds-international.com/blog/?p=2060 The results of the summit held by the National People’s Congress and the Chinese People’s Political Consultative Conference has been a hot topic over the past month. They represent two of the most influential assemblies in the world, held each year at the beginning of March. At this meeting, known as the Two Sessions, China’s 2019 economic and political course was presented. Among the major announcements was the reduction in the current VAT rates of 16% and 10% to 13% and 9% respectively, according to a government report by Chinese Prime Minister Li Keqiang. During the year, the VAT rate

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