Chinese Brands Speed up Manufacturing in Thailand

Tariff barriers due to the trade friction between China and the United States have had a major impact on the industrial chain. Since 2019, the U.S. tariff on air conditioners imported from China has risen from 2.2 to 25%. Chinese companies have responded by shifting some of their air conditioning manufacturing capacity from China to Thailand and Indonesia, which will help maintain exports to the United States while taking into account the Southeast Asian market