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Massive China tariffs hit Granly: Hoping the ragnarok soon settles down

Production in China and direct exports to the U.S. have been a successful formula for the Granly Group for several years. However, the significantly increased tariff rates are now forcing Granly Group to consider alternatives

A 145 percent tariff on goods exported from China to the U.S. is something that can be felt. And at Granly Group in Esbjerg, they are feeling the pain, as the significant increase in tariffs has impacted the group’s supply chain.

From its factory in Ningbo, China, RMG Steel, a part of the group, has produced components that are directly exported to the U.S. and sold to industries such as wind, marine, and agriculture. This export is now at risk of being put on hold, Granly Group reports.

BREAKING
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