AMERICA SHOOTS ITSELF IN THE FOOT IN TRADE WAR, FROM WHICH MAJOR CHINESE CLOTHING MANUFACTURERS WILL BENEFIT
August 1st, 2019
THE INTENSIFYING trade war between the USA and China has proved to be an opportunity for some larger Chinese clothing manufacturing firms, some of which had already built capacity overseas, notably in southeast Asia, and Vietnam especially. These companies have been able to adjust to the worsening tariff barriers to the US market for China-sourced exports, whereas smaller companies unable to afford new SE Asia operations have suffered. Smaller Chinese garments firms are likely to close as a result of the trade war, ceding market share to the bigger firms, ...
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