Donald Trump's win in November was the final nudge for one manufacturer to move its production back home from China.
For over a year, New York-based Trans-Lux -- which makes LCD and LED displays -- has contemplated relocating its Chinese facilities to the U.S.
"It makes economic sense," said J.M. Allain, president & CEO of Trans-Lux, which also makes the huge digital screens that run the tickers at the New York Stock Exchange.
But in the final run-up to the election, as Trump beefed up his tough talk on protecting domestic manufacturing at all costs, Allain considered making a change much sooner.
"Earlier this year, we didn't think Donald Trump would win," said Allain. "But we closely watched his campaign and listened to his protectionist rhetoric. His win forced us to reevaluate our plans in China."
Now with Trump's win, Allain said the company is accelerating its move back to the U.S., with the goal to make all of its products in America within a year.
http://money.cnn.com/2016/12/07/technology/translux-manufacturing-trump/
#notsickofwinningyet #greedsoooooomad #whereisDtard?
For over a year, New York-based Trans-Lux -- which makes LCD and LED displays -- has contemplated relocating its Chinese facilities to the U.S.
"It makes economic sense," said J.M. Allain, president & CEO of Trans-Lux, which also makes the huge digital screens that run the tickers at the New York Stock Exchange.
But in the final run-up to the election, as Trump beefed up his tough talk on protecting domestic manufacturing at all costs, Allain considered making a change much sooner.
"Earlier this year, we didn't think Donald Trump would win," said Allain. "But we closely watched his campaign and listened to his protectionist rhetoric. His win forced us to reevaluate our plans in China."
Now with Trump's win, Allain said the company is accelerating its move back to the U.S., with the goal to make all of its products in America within a year.
http://money.cnn.com/2016/12/07/technology/translux-manufacturing-trump/
#notsickofwinningyet #greedsoooooomad #whereisDtard?