Fuyao’s business has also been adversely affected by the US-China trade war having paid more than US$11 million in extra duties after the US imposed punitive tariffs on car parts, according to the annual report. Photo: Xinhua
Fuyao’s business has also been adversely affected by the US-China trade war having paid more than US$11 million in extra duties after the US imposed punitive tariffs on car parts, according to the annual report. Photo: Xinhua

China’s ‘American Factory’ laid off more than 2,000 jobs worldwide in first half of 2020 due to weak car market

  • Fuyao Glass Industry Group featured in the award-winning Netflix documentary, American Factory
  • Founder Cao Dewang remains pessimistic about the outlook for the second half of the year due to weak demand amid the coronavirus

Fuyao’s business has also been adversely affected by the US-China trade war having paid more than US$11 million in extra duties after the US imposed punitive tariffs on car parts, according to the annual report. Photo: Xinhua
Fuyao’s business has also been adversely affected by the US-China trade war having paid more than US$11 million in extra duties after the US imposed punitive tariffs on car parts, according to the annual report. Photo: Xinhua
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