American companies want to diversify from China but need a reliable and cheap partner.. and Vietnam is going to fill that gap.
It won't happen overnight but given all the rhetoric... next few years are going to cause a lot of changes in supply chain, security, etc.
Not long ago France and Germany were talking about tariffs of 50% on Chinese Evs.
Then US goes ahead and impose 100% tariffs ( a lot higher than anyone thought). It is just a matter of when not if Europeans follow that path.
Japanese and Korean are producing in the US... and they will try to detach from China supply chain too?
EU would need 50% tariffs to curb imports of Chinese electric carsReport says punitive action being mooted in Brussels would not be enough to deter
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