Pnome, camboja -Acan semi -finished products, having passed when our CBS News team drove about two hours south of the Cambodia capital. In moments, we met a huge arch with signs in two languages - local Khmer and, under it, Chinese.
There can be no mistakes in charge of the “special economic zone” that rises from the dirt. We turned to the furniture where the Chinese manager invited us to shoot the video.
A production facility that causes the Ottomans moved to Cambodia from China about a month ago.
We asked the ruler about his neighbors in the economic zone, and he said that most moving companies are Chinese. Encouraging to relocate these production operations avoids the tariffs for Chinese US goods, and there are many companies that choose for investment.
The scale of the industrial park growing in the south of Cambodia is difficult to understand. Construction continues for miles.
The US-Kita trade war is the main cause of the Chinese investment explosion in a relatively small nation approximately 600 miles from mainland China.
In 2016, before President Trump took office for his first term, Cambodian exports to the United States cost approximately $ 3 billion a year. Last year, they exceeded $ 13 billion, which is almost 30% of the country's GDP.
The Cambodian government says more than half of the factories in the country now have a Chinese-shared amount of investment worth about $ 9 billion.
“This is a means of avoiding tariffs in the US,” said Case Barnett, president of the US Chamber of Commerce in Cambodia.
While Chinese companies operating in Cambodia US TariffsThey play technically by the rules. But since Trump administration firmly puts China in its economic intersection, there is a concern that the country's own economy can cause damage.
“They depend entirely on exports to the US, and can be the goal – a vulnerable goal,” the barnet said.
For the owner of the clothing at the Mr. Juan plant, this would be devastating. He easily admitted that he was concerned about the prospects aimed at President Trump as his Chinese, but made in Cambodia – with new tariffs.
No newcomer, Juan created a shop in Cambodia 20 years ago, taking advantage of tax benefits and a smaller salary in the country, and in China still works factories. But when a trade war began in 2018, he moved all operations in Cambodia.
He told CBS News that 60% of his business is in the US market, and his goods go to familiar sellers, including Walmart and Costco.
Juan said the entrance orders have been multiplied since Mr. Trump announced his new tariffs in China, the last round of which could come into force on Tuesday.
Escalation of the US-China Trading War
G -n troke imposed 10% blanket Tariff on Chinese imports In early February, the involvement of retaliation measures China is 15% of the imported USA Coal and eliminated natural gas, as well as 10% raw oil, agricultural machinery and some machines. Last week, Mr. Trump threatened China another 10% duty on all imports, which will come into force on Tuesday, resulting in a total of 20% tariff
He says Mr. Trump imposed tariffs on China because Beijing's inability to stop the stream of mortal fentanyl in the US
Beijing is already planning more countermers.
“China studies and formulates appropriate counteraction measures in response to the U.S.'s threat to the introduction of an additional 10% tariffs on Chinese products under the pretext of Fentonil,” Global Times, which was largely considered a mouthpiece for the ruling communist party, reports on Monday, citing an anonymous source.
“The counteraction is likely to include both tariffs and a number of unverified measures, and are likely to be included in the list of agricultural and food products,” the newspaper said.
CBS News addressed the White House for comment and will be updated with any response.
If, and until the escalation trading war does not see that Mr. Trump did not transform his supporting economic weapons on Cambodia, Juan told CBS News that more Chinese companies would probably become his neighbors in the country.
“Of course,” said the businessman. “A lot of people tell me that they need the construction of the factory, they need to move immediately because they believe that taxes are increasing.”
He believes that the trade war is obliged to escalate, and it is convinced that Cambodia and other Southeast Asian countries are a future for Chinese manufacturers.
