Arnold Kamler, the CEO of Kent International, observed that the imposition of tariffs led Chinese bicycle manufacturers to relocate their assembly operations to countries like Vietnam and Malaysia, effectively sidestepping the 25 percent tariff.
Kamler pointed out that this shift results in additional costs for both companies and consumers. He emphasized that despite moving manufacturing abroad, there hasn’t been a real increase in U.S. manufacturing jobs.
The tariffs have led to harsh economic consequences, with Kamler stating, "There's no real gain here," highlighting the inflationary effect of having to raise prices multiple times as a direct result of the tariffs.
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