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Chinese companies eye Mexico and Vietnam for production amid new U.S. tariffs

Although some experts mention that Chinese companies might be forced to shift production to Mexico and Vietnam, the US government made an announcement on May 14th about new tariffs on China's initial industries.

Chinese companies eye Mexico and Vietnam for production amid new U.S. tariffs

These include steel and aluminum. This move aims is to safeguard the future of American manufacturing sectors from the competitive pressures posed by Chinese imports.

Despite all the efforts by the government, experts and officials are concerned that Chinese goods might still find their way into the U.S. market through countries with favorable trade agreements unless strong measures are put in place.

Mexico and Vietnam are two of those countries. Mexico, which already has become the biggest source for imports to US, advantages from zero tariffs with US-Mexico-Canada Agreement called USMCA and this free trade agreement. This free trade agreement makes Mexico an attractive destination for Chinese companies looking to avoid U.S. tariffs. Vietnam is also increasing its potential to become one of China's choice because of its growing indistrial capacity and favorable trade policies.

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