Entries by Herb Cochran

Buffett-owned footwear maker moves output from China to Vietnam

NEW YORK — Brooks Sports will move the bulk of its manufacturing operations from China to Vietnam as the trade talks between Washington and Beijing drag on with no certain conclusion, CEO Jim Weber said Friday. The shoes and sports apparel company, known as Brooks Running, is a unit of Warren Buffett’s Berkshire Hathaway. “Tariffs are muddying the water

US Justice Dept. says Chinese agents stole GE, Micron technology secrets

A former General Electric engineer and a Chinese businessman were indicted Apr 18, 2019 on charges of economic espionage and conspiring to steal the U.S. company’s trade secrets related to gas turbine technologies, according to the Justice Department.  The two passed on the stolen trade secrets, knowing it would benefit the Chinese government, the department said.

Taiwan — unlikely beneficiary of the trade war?

Tsai Ing-wen may be the one democratic leader thanking her lucky stars for the U.S.-China trade war. The uncertainty generated by the trade war has Taiwanese companies shifting operations back home. It also is fueling hopes that big multinationals will switch out of China and boost Taiwan’s prospects.

Company to pay $62.5 million for alleged transshipments to evade dumping duty on Chinese saccharin

Univar USA Inc.  has agreed to pay the United States $62.5 million to settle allegations under the customs penalty statute that it was grossly negligent or negligent when it imported 36 shipments of transshipped saccharin between 2007 and 2012. The saccharin was manufactured in China and transshipped through Taiwan to evade a 329 percent antidumping