A Japanese retailer warned forcing businesses to manufacture in the United States would make it „meaningless“ to do business in the United States.
A Japanese clothing retailer warned on Wednesday that it would close its U. S. stores if forced to manufacture in the United States — a policy change championed by President Donald Trump.
Tadashi Yanai — chairman and president of Fast Retailing Co., which includes the U. S. subsidiary Fast Retailing USA, Inc. and owns the casual clothing retail chain Uniqlo — told the Japanese newspaper The Asahi Shimbun he would act decisively if told to move manufacturing to the United States.
„If I was directly told to do so, I will withdraw from the United States,“ Yanai told the Japanese paper.
Trump, who promised on the campaign trail to revitalize U. S. manufacturing, has floated measures to make goods manufactured in the United States competitive, including a tariff on goods coming into the country that economists say would increase prices for consumers.
At other times, carmakers and other manufacturers have been urged by the administration, or been pushed via the president’s tweets, to move manufacturing to the United States.
