Trump’s Return Could Shift Manufacturing from China to Southeast Asia
Companies are relocating their factories from China to Southeast Asia in anticipation of increased tariffs under Donald Trump’s potential presidency. Trump’s proposed tariffs could rise dramatically to 60%, prompting businesses to seek alternatives in countries like Thailand, Vietnam, and Malaysia. Industrial park developers are preparing for a surge in investments, driven by a wave of Chinese firms moving operations. As the region positions itself as a manufacturing hub, analysts warn of the need for careful negotiation to maintain favorable US-China relations while benefiting from this shift in global supply chains.