President Donald Trump’s tariffs on Chinese imports are having the desired effect of driving production out of China — but not to America.
Less than a month after the Trump administration hit $200 billion worth of Chinese imports with a 10 percent tariff, Hong Kong-based furniture maker Manwah Holdings broke ground on an expansion of a facility outside Ho Chi Minh City.
The company, which specializes in reclining chairs and sofas that have become a fixture in middle-class American living rooms, purchased in June what was already one of Vietnam’s largest furniture factories. By next year, it will be the biggest.
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