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Manufacturing migration: Trade spat shifts business from 'Factory of the World'

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From socks and sneakers to washing machines and watches, Asian countries are hoping the US-China trade war will permanently boost manufacturing as brands dodge the row by choosing cheaper locations to make their goods.

American shoe giant Steve Madden plans to boost production in Cambodia, and Brooks Running Company, Haier washing machines and sock maker Jasan -- which sells to Adidas, Puma, New Balance and Fila -- are all eyeing Vietnam.

Some Vietnamese suppliers say the trade dispute has fast-tracked the trend as companies scramble to dodge fresh tariffs that could affect some 4,000 categories of exports to the US. The company says exports to the US were up seven percent last year, with an expected 10 percent jump this year.

 

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