After Beijing exerted its power over the valuable magnets as leverage, other countries started to add production, but only incrementally. And China is far ahead.
For American manufacturers, it is hard to quit China and its unrivaled factories. One industry is defying that reality as it shifts more production to Vietnam.
The president’s steep tariffs and erratic moves have turned manufacturing abroad into a minefield, even for entrepreneurs who set up in countries viewed as safe alternatives to China.
Trade war uncertainty is forcing board and card game publishers in the United States to make tough decisions, putting the future of the industry in jeopardy.
Thailand, Vietnam and other countries in the region face much higher tariffs on exports with Chinese-made components. But questions remain on how the U.S. defines a locally made product.