Yet with President Donald Trump escalating his tariffs on Chinese imports, Cedar must now pay hefty taxes on critical imported parts - tariffs it didn't have to pay when that manufacturing was done overseas.
Well, China did take a retaliatory step this week, placing $60 billion worth of tariffs on US exports.
25 percent on January 1. Another 1,600 product categories will receive 5-percent tariffs. Bloomberg's Enda Curran reports on "Bloomberg Markets: China Open".
Instead, it is more likely that the Trump administration will use the additional tariffs on $200 billion of Chinese products as a tool to pressure China into negotiating a deal in favor of the US.
Even if the two countries reach a deal, it will take time for China to prove that it is living up to commitments to treat foreign companies more fairly, something the USA says Beijing has repeatedly promised and failed to do in the past.
"Our goal here is not to cleave off the Chinese market from the U.S. market, I don't think that's good for long-term growth", he said. "Many manufacturers rely on component parts from China to assemble and finish production in the United States". "The ideal would be to bring production back to the U.S. Some officials would be happy with U.S. firms simply moving to other countries and not having their supply chains so concentrated in China".
And he added that for months the USA has urged China to change these unfair practices, and give fair and reciprocal treatment to American companies.
The administration, which has been steadily imposing tariffs on China because it says the Asian nation has stolen intellectual property, says it will impose a new round of levies on an additional $200 billion of imports ranging from detergent to luggage.
With an annual decline in the share of foreign trade in the whole Chinese economy, China is consolidating the fundamental role that domestic consumption plays in its growth.
"This commitment is based on friendly China-US cooperation and the rational and objective premise of bilateral trade", Ma told Xinhua.
That means companies like Walmart will start paying a tax on goods they import from China, raising their costs and potentially cutting profit unless they pass the cost increases to their millions of shoppers.
On the ground, unilateral tariff onslaughts have never prevailed in USA history. It should be to encourage China to be a better economic partner. MIR manufactures in Denmark and counts the United States and China as its biggest markets. And they're killing our companies.
Addressing a World Economic Forum event in the port city of Tianjin on Wednesday, Li did not directly mention the trade conflict but he said talk of Beijing deliberately weakening its currency was "groundless".
The premier promised to "improve the business environment" for foreign companies.