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FEATUREBUSINESS BANKING & CORPORATE COUNSEL




        IS YOUR PRODUCT REALLY


        “MADE IN THE USA”?








                             BY YAO LIU




        “We want to build, create, and grow more             ith topics relating   There is evidence that many companies
        products in our country using American               to trade war hitting   have moved their supply chain out of China,
        labor, American goods, and American grit.            major    headlines  which they have relied on for over three
        When we  purchase products made  in the              almost every day   decades. However, the U.S. administration’s
        USA, the profits stay here, the revenue stays W for the past two       goal  is  not just  to  move  business from
        here, and the jobs  — maybe most importantly   years, businesses have been adjusting   China to other countries such as Vietnam
        of all — they stay right here in the USA.”   their strategies facing this political and   or Philippines. Instead, President Trump
                   – President Donald J. Trump  economic turmoil. The U.S.-China trade   is aiming to strengthen Buy American and
                                            war, especially uncertainties upon whether   Hire American by moving manufacturing
                                            the two countries can reach a deal and if   business back to the U.S.
                                            so, the deal terms, has forced companies   Under these circumstances, there is a
                                            to reevaluate their supply chain in China.   surge among U.S. companies, especially


                                                                                        meadenmooore.com




















                                                                         Forensic accounting
                                                                         Economic damages
                                                                         Expert witness testimony
                                                                         Business valuation
                                                                         Bankruptcy services
                                                                         eDiscovery
                                                                         Insurance loss measurement and defense
                                                                         Alternative dispute resolution
                                                                         Mediation of damages
                                                                         Subrogation
                                                                         Fraud investigation






      30 |  CLEVELAND METROPOLITAN BAR JOURNAL                                                    CLEMETROBAR.ORG
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