Southeast Asia prepares for factories fleeing Trump tariffs on China

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Bangkok Post 2w ago

Southeast Asia prepares for factories fleeing Trump tariffs on China - Bangkok Post

Quick Summary:

Companies have been moving factories from China to Southeast Asia, anticipating Donald Trump would slap high tariffs on Beijing if he regained the White House, a move set to accelerate with his election win, industrial park developers in the region say.

But risks persist, particularly with some indications that Trump may consider tariffs on imports from countries across the region, said Leif Schneider, head of international law firm Luther in Vietnam.

Construction begins this month on an Amata industrial park in Laos, where China has built a high-speed rail line connecting Kunming in southwestern China to the Lao capital Vientiane, he said.