China Business & Economy

Samsung Closes Chinese Factory as American Tariffs Threaten to Impact Profits

Samsung Closes Chinese Factory as American Tariffs Threaten to Impact Profits
A woman waits for an elevator near a Samsung store in Beijing on May 8, 2015. Greg Baker/AFP/Getty Images
Annie Wu
|Updated:
The proposed U.S. tariffs on Chinese high-tech goods are having a domino effect for multinationals with manufacturing operations in China.
South Korean tech conglomerate Samsung has dissolved its factory in the manufacturing hub of Shenzhen City, southern China, owing to the prospect of falling profits when the United States imposes 25 percent tariffs on imported Chinese tech goods, according to an April 27 report by Lanjing TMT, a Chinese tech news website.
Annie Wu
Annie Wu
Author
Annie Wu joined the full-time staff at the Epoch Times in July 2014. That year, she won a first-place award from the New York Press Association for best spot news coverage. She is a graduate of Barnard College and the Columbia University Graduate School of Journalism.
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