Gold Bond: Chinese tariffs would boost U.S. producers
July 23, 2018,
HARTFORD, Conn. – A proposed tariff on Chinese-made mattress would be a welcome relief to Gold Bond Mattress and other domestic mattress manufacturers, according to Gold Bond President Bob Naboicheck.
Domestic producers are trying to compete with low-cost Chinese imports that are flooding the U.S. market, he said.
Naboicheck, whose company uses U.S.-made mattress components exclusively, said Chinese mattress imports have cornered the low end of the market in many areas of the United States, but the 10% tariff proposed by the Trump administration would likely boost his company’s business because it would shrink or eliminate the unfair cost advantage now enjoyed by Chinese producers.“There is a lot of confusion and concern by dealers of all sizes because of the proposed tariffs,” he said. “Our dealers are looking to increase purchases from domestic manufacturers like us as a safe haven from what they anticipate will be a tumultuous time for those carrying Chinese-made product. I like free trade, but it has to be free and equal, and it’s not equal right now. The Chinese government clearly is subsidizing mattress producers who ship into the U.S. market, but the tariff would offset that advantage, strengthen American mattress manufacturing and preserve American jobs.”
Read more here: http://www.furnituretoday.com/article/555772-gold-bond-chinese-tariffs-would-boost-us-producers/