For small businesses, it’s 1/10th the cost to make something in China vs the US. A 30% tariff doesn’t bring manufacturing back; it puts small companies with low margins out of business. The stronger businesses survive, increasing income inequality.
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.... OR they could change supply chains and go to Vietnam for labor which hurts China and forces a better deal. Weak take.
Changing over an entire supply chain before you run out of business is hard.
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Hard but not impossible. Look at
$HOFT great american business yeah they took a hit with tariffs but now after 6 months 50% of their supply chain is moving to Vietnam. They laid off a significant number of people in China. -
That’s not a small business.
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