Russia’s Goal for Domestic Production of Construction Machinery: Replace 60-80% of Imports by 2030
In recent years, Russian builders have shifted from European machinery to Chinese-made excavators and trucks. However, high-interest loans have hindered equipment renewal, and the domestic production process has been slow. To achieve the goal of replacing 60-80% of imports by 2030, what measures need to be taken? Russian experts have shared their views. Current State […]
Trump’s Tariff Policy: How Are Chinese Construction Machinery Brands Responding?
Facing the Trump administration’s increased tariffs on Chinese goods—some exceeding 100% (Note: On May 12, news emerged that tariff policies in both countries have been adjusted)—Chinese construction machinery manufacturers and dealers are actively responding to mitigate the impact on the industry. Recent tariff hikes imposed by the Trump administration have introduced uncertainty in the construction […]