2023-11-08 16:00:15
US firms seek factory backups to China as zero-Covid accelerates reshoring
South China Morning Post
By Kandy Wong- Vietnam, Thailand, Mexico, India and South Korea are seen as prime candidates for a so-called China plus one strategy to diversify manufacturing
- Reshoring activities were heavily seen in 2018 and 2019, when the US-China trade war hit American manufacturers with import tariffs of up to 25 per cent
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