As China Targets H&M and Nike, Local Brands See Their Chance
The New York Times
Chinese rivals to Western names have improved quality and marketing. Now the country’s defiance could give them an edge with young patriots.
Tim Min once drove BMWs. He considered buying a Tesla. Instead Mr. Min, the 33-year-old owner of a Beijing cosmetics start-up, bought an electric car made by a Chinese Tesla rival, Nio. He likes Nio’s interiors and voice control features better. He also considers himself a patriot. “I have a very strong inclination toward Chinese brands and very strong patriotic emotions,” he said. “I used to love Nike, too. Now I don’t see any reason for that. If there’s a good Chinese brand to replace Nike, I’ll be very happy to.”
The canal’s two biggest ports are operated by a Hong Kong company with global reach. The Trump administration sees a Chinese threat to U.S. security.
The distinctive domed building, turning 50 this year, is known for hosting the Super Bowl, but to locals, it’s also “the city’s living room.”
Black-owned brands got a foot in the door through accelerator programs at big retailers like Target and Amazon. Now they worry the door might be closing.
The trade deficit has long drawn the president’s ire. Now, he’s preparing to take it on again.
American companies intent on making goods in the United States are fretting over the impact of tariffs on their access to parts and raw materials.
A growing number of countries, including American allies, are striking trade deals as the Trump administration erects a higher fence around its global commerce.
The invoking of national security to unravel trade agreements could scramble the international trading system in China’s favor.
Canada, Mexico and China account for more than a third of the products brought into the United States. Tariffs could lead to higher prices for consumers.