“As far as the companies that use China for cheap supplies and products they will move to Vietnam, India and other cheap labor counties.”
Does that help us when over 50% of Vietnam’s imports...are from China?
Decoupling from China sounds easy, until you try doing it.
“Does that help us when over 50% of Vietnam’s imports...are from China?”
That is funny, I have been following a guy on youtube who is traveling around Asian on motor bike. He pointed out everything in the local markets were made in China.
Decoupling from China is hard, but if a company wants to make profit they need too. They only have at the most of a 90 day supply of products and parts. This will start effecting their profits soon.
They need to spread there eggs out to different parts of the world.
companies are going to do that anyway, as they chase cheap labor around the globe. It’s getting expensive to do business in China.