1253 ET - Count golf cart manufacturing among the industries making moves to dodge trade headwinds. Massimo Group says its taking steps to assemble its MVR golf cars at a facility in Texas. The company cites a numbers of trade scuffles behind the move, noting various duties and tariffs ranging from 149% to 500% on manufacturers stemming form a petition that drew attention to how certain foreign companies, helped by government subsidies, were able to export vehicles at significantly lower costs. Massimo says that shifting production to the U.S. proactively addresses trade challenges, while also looking to diversity its supply chain into Vietnam and lessen the impact of any tariffs from China. (paul.ziobro@wsj.com)
(END) Dow Jones Newswires
February 11, 2025 12:54 ET (17:54 GMT)
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