On Friday, October 4th, the US Department of Commerce issued a preliminary ruling against the Cabinet and Vanity producers in China with amounts ranging from 55% to 262% of anti-dumping and countervailing duties depending on the resource. This would include to the 25% 301 duties in effect.
Arne Augustinussen, MGroup’s European Director of Operations, hosted Nuno Braga Rosa, our European and MENA Account Manager, and our CEO, Dave Murray, in Germany this September. MGroup™ is spreading the news of our incredible pivot to a more balanced production in Eastern and Southern European countries which creates great value for European hospitality clients.
The Wall Street Journal recently released an article about supply chain movement to Vietnam and the potential issues that are being faced in that region. With thanks to the Wall Street Journal, the article correctly points out the biggest problems that are being recognized with a Vietnamese-centered supply chain.
As I get settled back into daily life, I wanted to take some time to reflect on the amazing journey I just took and what it meant for MGROUP™. The rug business and this trip were my form of Disney World, and I definitely left with the heart of Mickey Mouse.
While the protracted Trade War with China might be showing some easing, the long term prognosis is still “cloudy” as to whether we have seen the worst regarding the ongoing negotiations.
