China
Trump Administrations Sanctions on Huawei Result in Layoffs in Washington State
The Chinese telecom giant announced job cuts at its Futurewei R&D unit, including at its location in Bellevue
President Donald Trumps executive order banning U.S. companies from using telecom equipment made by companies his administration deems a national security threat, which targeted Chinese manufacturer Huawei, has led the company to layoff some 600 employees at its Futurewei Technologies U.S. subsidiary, including 41 at a Futurewei office in Bellevue. The layoffs also affect Futurewei…
Ongoing U.S.-China Trade Dispute Is a Drag on Washington States Exports
New report details the extent of the states economic exposure to retaliatory tariffs
The ongoing trade dispute between China and the United States, marked by retaliatory tariffs put in place by both nations, is resulting in costly blowback for Washington companies who are feeling the brunt of the tariff war between the two nations, a recent report by the Washington Council on International Trade (WCIT) reveals. The report…
What Do Amazon and China Have in Common?
Both are disruptive, too big to ignore and absolutely key to the future of Seattle and Washington.
This article appears in print in the January 2018 issue. Click here for a free subscription. What do China and Amazon have in common aside from being featured in this issue of Seattle Business magazine? Well, they are both disruptive, too big to ignore and inextricably tied to our regions economic future. China, like Korea…
The China Challenge: Washington Would Be a Major Casualty in a Trump Trade War
Washington state waits with bated breath as trade relations between the United States and China ride an unpredictable roller coaster.
This article appears in print in the January 2018 issue. Click here for a free subscription. Washington state has long benefited from its close business ties to China. Companies like Starbucks and Boeing depend on the Asian giant for major portions of their revenue growth. China is Washingtons No. 1 export market, accounting for $16…