The US-China trade war has reached new heights, with US president Joe Biden announcing plans for unprecedented tariffs on Chinese imports, including a possible 100% on electric vehicles and 50% on solar cells – two of China’s top export items.
To counter this particular cycle of protectionist policies by the US, begun in 2018 under then president Donald Trump, Chinese companies began moving final assembly steps to southeast Asian countries, enabling products to be labelled as made in Vietnam or Indonesia.
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