Trump's Trade War Isn't Just a US-China Problem

[Yo_Mama_Been_Loggin]

The US and China won’t be the only ones affected in the trade war raging between the two countries. As companies scramble to find ways around the ever-increasing tariffs that the world’s two largest economies impose on each other’s goods, other countries are being drawn into a conflict that might have no winners.

The world could only watch as the latest developments played out online heading into the weekend. “Our great American companies are hereby ordered to immediately start looking for an alternative to China, including bringing our companies HOME and making your products in the USA,” President Trump tweeted Friday in response to Chinese president Xi Jinping's threat to impose tariffs on $75 billion worth of US goods. Speaking to reporters at the G7 summit in Biarritz, France Sunday, Trump claimed that he could use emergency powers to force private companies to relocate out of China, but said he has no current plans to do so.

However dubious Trump's claims are, many companies based both in the US and abroad already are looking for alternatives to China due to the trade war. Plenty of countries offer attractive options—although, it seems, not so much the US.

For example, last year solar energy technology company Enphase, which is based in California, announced it would produce some of its products in Mexico to avoid tariffs. Likewise, Apple announced that it would move some of its iPhone assembly from Taiwanese manufacturing company Foxconn's facilities in China to its facilities in India. Southeast Asian countries like Thailand, Malaysia, and especially Vietnam have been some of the biggest beneficiaries of these shifts. Nintendo, Sharp, and Kyocera, for example, have all recently announced plans to shift some production from China to Vietnam.

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https://www.wired.com/story/us-china-trade-war-spills-over/?bxid=5be9f8cb24c17c6adf0e5d24&cndid=25394153&utm_brand=biz&utm_campaign=aud-dev&utm_content=B&utm_mailing=Thematic_Business_08262019%20w/%20No%20Dek&utm_medium=email&utm_source=nl&utm_term=Thematic_Business

[Eliot Rosewater]

1. Putin aint no dummy, when he ordered rump to do this he knew what he was doing

[Karadeniz]

2. Idiot withdrew from TPP and you know he couldn't have named a single aspect to it.