Businesses spent years diversifying away from China. Trump’s trade war could destroy those economies
- Donald Trump's tariff announcement imposed levies over 40% on several Asian countries.
- Companies had been moving production from China to avoid rising costs and geopolitical risk.
- Cambodia, Laos, Vietnam, Myanmar and Sri Lanka faced tariffs, potentially crippling their economies.
- Tim Hsu stated, "If the 49% tariff remains unchanged, we will withdraw our investment."
- Experts warn of economic strain, shrinking production, and job losses in affected nations.
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Businesses spent years diversifying away from China. Trump’s trade war could destroy those economies
For Tim Hsu, who sells modern lamps and ceiling lights mostly to American customers, US President Donald Trump’s historic tariff announcement has upended his carefully made plans.
·Atlanta, United States
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Total News Sources11
Leaning Left2Leaning Right1Center7Last UpdatedBias Distribution70% Center
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- 70% of the sources are Center
70% Center
L 20%
C 70%
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