The trade war has pushed many Chinese and American multinationals over the edge. For years, both sides have been sourcing goods in countries like Vietnam and Bangladesh. This has been particularly true of apparel, which is now as likely to read Made in Vietnam on the clothing tag as it once read Made in China.
In the latest QIMA survey, over 75% of U.S. respondents reported being affected by the tariffs, saying rising costs associated with them is one of the most serious impacts on their business. As a result, they are moving or looking to move faster than they once had planned.Romania? Brazil? Nope ... Portugal! Believe it or not, the trade war has richer European multinationals sourcing apparel from Portugal again. Welcome to the 1920s.EU businesses are less affected by the trade war with China.
Meanwhile, in Cambodia, over 40% of all goods inspected in the second quarter of this year were unacceptable.
Justin needs apply 10% tariffs on canadian companies import from china, Canadian companies must leave china go else where.
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Source: Forbes - 🏆 394. / 53 Read more »