EXACTLY! I normally travel to Asia for business about 6-10 times a year and the past few years there were huge booths from rival countries like Taiwan, Singapore, Korea, Philippines, Vietnam, Thailand, Malaysia etc all LOOKING TO RECRUIT COMPANIES LEAVING CHINA mainly because of the Trump tariffs. In electronics, the labor costs aren't that high, it's all done by robots and the reason they relocate an assembly plant to China was mainly for tax incentives and for no environmental regulations/waste dumping. Singapore used to be the king of Hard Drive manufacturing from the 1980's - 2000 and then Singapore came up so fast as a trading center that their environmental laws got tougher and the wages did go up and all the companies left. Right now, companies ARE LEAVING CHINA IN DROVES and they lost like 100,000 FACTORIES all because of the Trump Tariffs and the "get tough on China" policy. They are doing very badly and they launched the Wuhan flu to try to set everyone else back.
EXACTLY! I normally travel to Asia for business about 6-10 times a year and the past few years there were huge booths from rival countries like Taiwan, Singapore, Korea, Philippines, Vietnam, Thailand, Malaysia etc all LOOKING TO RECRUIT COMPANIES LEAVING CHINA mainly because of the Trump tariffs. In electronics, the labor costs aren't that high, it's all done by robots and the reason they relocate an assembly plant to China was mainly for tax incentives and for no environmental regulations/waste dumping. Singapore used to be the king of Hard Drive manufacturing from the 1980's - 2000 and then Singapore came up so fast as a trading center that their environmental laws got tougher and the wages did go up and all the companies left. Right now, companies ARE LEAVING CHINA IN DROVES and they lost like 100,000 FACTORIES all because of the Trump Tariffs and the "get tough on China" policy. They are doing very badly and they launched the Wuhan flu to try to set everyone else back.