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by fasthands9
1018 days ago
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If they were able to build a toaster (or whatever) profitably than they would have already done it. Doing last stage assembly most likely requires very little capital investment and much less labor. I feel like that position is similar to being a middleman - in which case its clear the skillset to be the producer is not the same. |
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For countries like Vietnam, that might be due to lack of investment.
For the last few decades, everyone was concentrating on China. This I believe has began to change - foreign investment in China is down if Im right.
On the other hand relationships between Vietnam and the West has been thawing the last decade or so - especially with the US.
Countries like Mexico are also looking to take on some of China’s manufacturing load - their proximity to the US is an advantage.
Tariffs on China effectively gives all their competitors a competitive advantage which will only help develop said competitors.