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▼ Uniqlo Would Pull U.S. Stores If Told to Build Plant
- Category:Shopping
NEW YORK (Jiji Press) — A border adjustment tax planned by the administration of U.S. President Donald Trump will not benefit U.S. consumers, Tadashi Yanai, chief of Fast Retailing Co., the operator of the Uniqlo casual wear chain, said in an interview in New York on Wednesday.
Aiming to reduce the U.S. trade deficit, the Trump administration is seeking to introduce heavier import taxes. But the plan has drawn opposition mainly from retailers that depend largely on imported products.
Referring to Trump’s call on automakers and other manufacturers to construct plants in the United States, Yanai, president, chairman and chief executive officer of Fast Retailing, said, “If we are directly told to do so, we would withdraw [from the United States.]”
“We won’t be able to make really good products [in the United States] at costs beneficial for customers,” he said. “It would become meaningless to do business in the U.S. market,” he added.
Aiming to reduce the U.S. trade deficit, the Trump administration is seeking to introduce heavier import taxes. But the plan has drawn opposition mainly from retailers that depend largely on imported products.
Referring to Trump’s call on automakers and other manufacturers to construct plants in the United States, Yanai, president, chairman and chief executive officer of Fast Retailing, said, “If we are directly told to do so, we would withdraw [from the United States.]”
“We won’t be able to make really good products [in the United States] at costs beneficial for customers,” he said. “It would become meaningless to do business in the U.S. market,” he added.
- April 10, 2017
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