Reported about 1 year ago
As the US presidential election approaches, market attention turns to the deepening trade war. French investment bank BNP Paribas Wealth Management indicates that with Trade War 2.0 intensifying, the shift of manufacturing supply chains becomes a focus for investors. It is expected that countries like India, Japan, Vietnam, Malaysia, Thailand, Mexico, and Brazil may become alternative destinations to diversify from China's supply chain, benefiting industries like semiconductors, renewable energy, robotics and automation, cybersecurity, electric vehicles, and batteries. The bank also suggests that the direct impact of the new round of US tariffs on China's economy is limited, as the affected $18 billion in exports to the US account for less than 5% of China's total exports to the US, and less than 1% of total exports in 2023. The article also discusses the potential benefits for India, Japan, Vietnam, Malaysia, Thailand, Mexico, and Brazil due to the shift in manufacturing trends away from China.
Source: YAHOO