JAKARTA - When the United States Commerce Department signalled in late 2019 it was levelling anti-dumping duties on Chinese-made bed frames, nightstands and other bedroom furniture, one Indonesian furniture maker saw an opening.
Integra Group of Sidoarjo, East Java, doubled down on expansion plans, bringing to nearly 500 billion rupiah (S$46 million) the amount it was spending over two years on equipment like wood veneer laser cutters, saws and computer-controlled routers that can etch patterns into a wooden panel within minutes.
Now, with Chinese-made furniture facing US countervailing duties of up to 200 per cent, Integra s orders have ballooned.
During the first two months of the year, new and existing customers, including Swedish home furnishing giant Ikea and US retailers such as Target and Costco, have peppered the company with 1.8 trillion rupiah in orders, eager to avoid steep mark-ups in the showroom.
New US rules restricts usage of Chinese IT shanghainews.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from shanghainews.net Daily Mail and Mail on Sunday newspapers.
The companies operating in America will have to ask permission from the US government to use information technology equipment and services from China or other countries deemed adversaries from May. The move would affect up to 4.5 million businesses, Nikkei Asia reported. The regulations,
New US rules restricting usage of Chinese IT to impact 4.5 million companies: Report ANI | Updated: Apr 17, 2021 17:40 IST
Washington [US], April 17 (ANI): The companies operating in America will have to ask permission from the US government to use information technology equipment and services from China or other countries deemed adversaries from May.
The move would affect up to 4.5 million businesses, Nikkei Asia reported.
The regulations, which were put in place in March, let Washington review such corporate purchases or usage of technology and block any transactions deemed too risky, with an aim of preventing leaks of sensitive information.
The rules apply to a broad swath of technology, including hardware and software used in critical infrastructure and telecommunications networks, as well as artificial intelligence and quantum computing technology. The list also covers services that handle personal information, along with monitoring
February retail sales fell 3% as icy days kept US shoppers away aljazeera.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aljazeera.com Daily Mail and Mail on Sunday newspapers.