Supply Chain Reaction: Firms Leave China and Relocate to Vietnam, Thailand

Supply Chain Reaction: Firms Leave China and Relocate to Vietnam, Thailand
Laborers work at a garment factory in Bangkok, Thailand on May 30, 2016. Athit Perawongmetha/Reuters
|Updated:

HONG KONG/BANGKOK —Fred Perrotta spent four years building a network of Chinese suppliers for his line of trendy backpacks, but as soon as the United States announced tariffs on almost half of its Chinese imports, he started looking for suppliers in other countries.

That process is now so far advanced it would be too late to reverse it even if U.S. President Donald Trump and his Chinese counterpart Xi Jinping call a truce in their growing trade war at this week’s G20 summit, the 33-year-old said.