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Ricoh to Move Part of Its China
Production to Thailand Amid U.S. Tariffs Threats.
Ricoh, a leading printer and imaging solutions company, has announced plans to shift some of its manufacturing operations from China to Thailand in response to the threat of a 60% import tariff on Chinese-made goods proposed by U.S. President-elect Donald Trump. The move comes as companies across the globe are rethinking their supply chains and production strategies to mitigate the impact of potential trade barriers under the incoming U.S. administration.The Japanese company, which has a significant presence in China, produces various types of printers, copiers, and other imaging products at its Chinese facilities. With the new tariff on products imported from China to the U.S., Ricoh is strategically adjusting its production lines to avoid the hefty duties that would severely affect its business in the American market.
Ricoh is not alone in making such shifts. Other major multinational corporations are exploring similar tactics to sidestep increased U.S. tariffs on goods manufactured in China. Thailand, with its lower labor costs and favorable trade agreements, is becoming a preferred alternative for many businesses that want to maintain their manufacturing capacity in Asia while minimizing the financial impact of the Trump administration’s protectionist policies.
The decision to relocate production is a significant move for Ricoh, which relies on the U.S. market as a major revenue source. With increasing uncertainty around trade policies and the potential for higher operational costs, the company is working to ensure its competitiveness in the global market by adjusting its supply chain strategy.
Ricoh has not disclosed the full extent of its planned shift, but analysts expect that the move will involve a substantial portion of its manufacturing that would otherwise be subject to the proposed tariffs. The company has made it clear that it will continue to monitor the evolving trade situation closely to adjust its plans accordingly.
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