If The LV Bag Will Become "Made In The United States", Will You Pay The Bill?

In October 17th, President Trump's daughter, Wan card, and his son in law came to Texas. Accompanied by Bernard Arnault, President of LVMH group, they visited the new leather workshop of the group's luxury brand Louis Vuitton (Louis Weedon).
Arnault welcomed the arrival of Trump. Trump then delivered a speech on "promoting the employment of American workers". He said that the new leather workshop of Louis Vuitton will soon employ 500 skilled American craftsmen.
The new leather workshop covers an area of 256 acres (about 100 hectares) and has an office area of nearly 10 thousand square meters. According to Louis Vuitton's previous commitment, the new leather workshop in Texas will mainly produce leather goods and handbags, and the products will be accompanied by "made in the United States" label. In addition, the new leather workshop will create 1000 jobs and jobs in the next five years.
As early as 2017, there was media coverage that LVMH will build a leather workshop in Johnson Town, Keene City, Texas. In order to win LVMH's opening in the local area, local judge Roger Harmon also signed and implemented a series of incentives.
According to the US media verification to Harmon, the new Louis Vuitton workshop will receive a 45% tax reduction in the first year. If the number of employees exceeds 500, it will receive 75% tax reduction in 10 years. In addition, the local government has earmarked 1 million 100 thousand US dollars to build roads leading to factories.
Louis Vuitton has 24 workshops worldwide, mostly in Europe, and only three in the United States. Besides the new workshop, the other two are located in California, the United States.
Over the past decades, with the development of clothing and footwear industry, most of the handbag manufacturing industry in the United States has been transferred to other countries, such as China, Vietnam and India. However, with the continuous development of Sino US trade tensions, many luxury brands began to seek diversification of supply chain and reduce the proportion of Chinese manufacturing.
Recently, the European Union has declared trade retaliatory measures to impose tariffs on European Union products worth $7 billion 500 million, including large civil aircraft, agricultural products, some luxury products and alcoholic products. The relevant measures have been effective since 18, due to the EU's violation of Airbus Company's subsidy.
Today, the trade situation between the US and Europe is starting to be tense, and with the recent election in the United States approaching, it is foreseeable that the Trump administration will increasingly emphasize American manufacturing to improve domestic employment.
Earlier, Louis Vuitton also signed the Trump administration's "Pledge to America" s Workers (commitment to us workers) initiative with the luxury watch brand Rolex (Rolex), automobile company Volvo (Volvo), supermarket chain Walmart (WAL-MART) and other enterprises, which aims at better treatment, work and employment for American workers.