The $200 Billion Dislocation
Quote from Ndubuisi Ekekwe on May 7, 2019, 5:31 AMAs U.S. racks up pressure on China, smaller Asian countries like Vietnam will benefit. Yes, companies will move factories to those other locations to avoid the tariffs imposed on China-made products. There is a huge dislocation taking place in Asia right now. Can Africa benefit? Maybe Ethiopia which has been positioning itself for moments like this. If $200 billion moves, great things will happen. NIGERIA - over to you!
The US said it would raise tariffs on Chinese goods. US trade representative Robert Lighthizer said the new duties on $200 billion of Chinese goods would take effect at 12:01am ET on Friday, as he accused Beijing of backtracking on commitments to rewrite laws to address forced technology transfers. Chinese negotiators said they still planned to attend talks in the US this week. (Fortune)
As U.S. racks up pressure on China, smaller Asian countries like Vietnam will benefit. Yes, companies will move factories to those other locations to avoid the tariffs imposed on China-made products. There is a huge dislocation taking place in Asia right now. Can Africa benefit? Maybe Ethiopia which has been positioning itself for moments like this. If $200 billion moves, great things will happen. NIGERIA - over to you!
The US said it would raise tariffs on Chinese goods. US trade representative Robert Lighthizer said the new duties on $200 billion of Chinese goods would take effect at 12:01am ET on Friday, as he accused Beijing of backtracking on commitments to rewrite laws to address forced technology transfers. Chinese negotiators said they still planned to attend talks in the US this week. (Fortune)