Chinese copper wire manufacturer Wellascent will start production later this year at its Texas plant, producing 3,000 metric tons annually by 2028 for clients including automaker Stellantis. The facility shields US customers from a 50 percent tariff on imported copper wire, while refined copper remains exempt, Reuters reported.
Hazel Zhu, a Wellascent board member, said US factory has turned tariffs into a “golden opportunity,” with the plant expected to generate over half of the company’s overseas revenue within three years.
According to Reuters, Wellascent’s investment is a rare example of a Chinese firm benefiting from US trade measures. A temporary 145 percent equipment tariff earlier this year almost halted plans, but a trade truce allowed construction to continue. Experts say the case may guide other Chinese firms eyeing US investment.
