According to a report by the New York Times on April 9, amidst significant shifts in the global trade landscape, the high tariffs imposed by the US on several Asian countries have led many multinational companies to view China as a safer industrial base, completely contrary to US President Trump's original intentions.
The report notes that despite the Trump administration's ongoing pressure on China, raising tariffs to 125%, this time, unlike during his first term, Trump has also impacted other Asian countries with these tariffs.
During the trade war that began in 2018, countries like Vietnam and India became popular "Asian alternative production bases" due to their ability to evade tariffs. However, under the current "reciprocal tariff" policy, the cost advantages of these countries are diminishing. Some companies, fearing hasty decisions in a volatile environment, have even chosen to deepen their investments in the Chinese market.
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