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<\/p>\nAs one of the world\u2019s largest automotive glass producers, and the subject of an Oscar-winning documentary, Fuyao Glass is a familiar name in the United States. Now, its founder has warned he is prepared to shut down his American plants if trade friction and tariffs cause severe losses.<\/p>\n
Responding to questions regarding geopolitical risks at the company\u2019s annual general meeting, Cao Dewang said that the company would not engage in loss-making ventures.<\/p>\n
\u201cHow much in duties you want to impose is your business,\u201d said the billionaire, who turns 80 next month. \u201cIf we encounter unreasonable situations, we\u2019ll simply shut down the [US] factories.\u201d<\/p>\n
While Fuyao\u2019s American roots stretch back to 1995, its presence is now anchored by its plant in Moraine, Ohio \u2013 a shuttered General Motors factory that Fuyao purchased in 2014.<\/p>\n
The 2019 film American Factory documented the site\u2019s transformation, tracing both its role in revitalising a depressed local economy and Cao\u2019s harsh campaign against unionisation.<\/p>\n
Today, Fuyao Glass employs thousands of American workers across facilities in Ohio, Illinois and South Carolina, supplying leading automotive manufacturers including General Motors, Ford and BMW in the United States, according to its website.<\/p>\n
The company also holds the distinction of being the first Chinese firm to successfully sue the US Department of Commerce, winning a landmark case that virtually exempted Fuyao from anti-dumping duties in 2004.<\/p>\n
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09:42<\/p>\n
Trump promises to bring US manufacturing back from China, but will his tariffs work?<\/p>\n
Trump promises to bring US manufacturing back from China, but will his tariffs work?<\/p>\n