Japanese billionaire Tadashi Yanai is not a fan of President Trump’s push to manufacture in America. Yanai says his Uniqlo brand will leave the U. S. if it’s forced to make clothes in America.
Trump’s main economic message is „Buy American, Hire American. “ He campaigned on reviving American manufacturing, especially in the Rust Belt.
But Tadashi Yanai, the billionaire head of Fast Retailing Co., which owns Uniqlo, doesn’t like being given an ultimatum by Trump.
„If I was directly told to do so, I will withdraw from the United States,“ Yanai told Japanese newspaper The Asahi Shimbun this week when he was asked about Trump’s Made in the U. S. A push.
Uniqlo currently has 51 stores in the U. S. Yanai said the company plans to open at least 20 more stores this year, although it’s watching what Trump and Congress do on trade.
Yanai doesn’t want to see a tax on foreign imports to the U. S. He argues any sort of tariff would raise costs and be bad for shoppers.
