Popular Chinese brands bet big on US consumers despite tariff threats
The United States has seen an influx of popular Chinese firms placing big bets on American consumers. Analysts say the conditions are ripe for companies to succeed in the US, but warn that President Donald Trump’s tariffs might stand in the way. Despite the ongoing trade war, brands like Luckin Coffee, Heytea, and Pop Mart are expanding in the country. CNA's Mitch McCann reports from New York.
The United States has seen an influx of popular Chinese firms placing big bets on American consumers. Analysts say the conditions are ripe for companies to succeed in the US, but warn that President Donald Trump’s tariffs might stand in the way. Despite the ongoing trade war, brands like Luckin Coffee, Heytea, and Pop Mart are expanding in the country. CNA's Mitch McCann reports from New York.
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