>>60727633
>>60727744
Just because Vietnam is going up doesn't the US is successful at making China go down. Chinese goods exports were at a record high in 2024. We're way past the temporary covid bump now, so there is clearly an enduring trend upward.

It's natural that some types of manufacturing is shifting from China to elsewhere because Chinese wages have been rising. Vietnam is a natural place for such off-loading because it is close to China and thus easy to integrate into Chinese supply chains.

Imo Trump's recent tariffs on countries like India and Vietnam just demonstrates that relocating manufacturing out of China just for the purpose of access to the US market is an exercise in futility. It's impossible to plan when the tariff rate on each country depends on some recent political slap fight or on suddenly announced "secondary tariffs" or on how this morning's Egg McMuffin went down. So many people will probably now think it is better to just manufacture where costs are lowest (which in many cases is China) and then just face whatever tariff rate is proclaimed for the day when selling to the US or fraudulently relabel the goods