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Not surprisingly, the U.S.-China trade dispute and its ramifications loom large in this 33rd annual coverage on the Hong Kong and China print manufacturing industry. Seven major export printers shared their observations, hopes, and plans on dealing with the tariffs and the fallouts.
Inspiration, communication, diversification, active participation, and continuous self-improvement encapsulate the Chinese company's business stance.
Now that high-end printing with special visual and tactile embellishments is made possible with push-button simplicity on the presses, producing a show-stopping title is no longer a dream.
In the past decade, Leo Paper has been increasing its emphasis on edutainment and interactivity in its R&D direction for new product ideas. The latest result? "Magic Paper World."
Treating the U.S. tariffs as another business challenge—along with rising production costs, slimmer profit margins, and more stringent regulations—is the pragmatic way forward for Hong Kong and China print manufacturers.
Bibles and other religious books were not included on the first list of products imported from China that are subject to 10% tariffs beginning September 1. Tariffs on some children's books were delayed until December 15, but all other books still face the possibility of a 10% tariff in less than three weeks.
Late last week, Judge Charles R. Nagle denied Quad’s motions for an expedited trial in the Department of Justice’s lawsuit aimed at blocking Quad’s purchase of LSC Communications. The trial is set for November 14.
Publishers are holding their breath to see if President Trump’s decision to postpone the imposition of 25% tariffs on $300 billion worth of goods imported from China will become permanent.
Books imported from China face a possible 25% tariff if a new round of tariffs proposed by the Trump administration is enacted. A publisher called the potential for such a tariff "a frightening prospect."
Less than half of the existing workforce will be rehired should CJK Group ultimately acquire Thomson-Shore’s assets.