Pressure to move back to China where their tariff drops from 49% to 34%?
Over the past few years a lot of companies have moved production out of China and into friendlier countries like Vietnam, anticipating US pressure on China. Vietnam's tariff rate is 42%. Now they wish they'd left their production lines in China.
Over the past few years a lot of companies have moved production out of China and into friendlier countries like Vietnam, anticipating US pressure on China. Vietnam's tariff rate is 42%. Now they wish they'd left their production lines in China.