How U.S. and Chinese firms are outmaneuvering Trump in trade war



Adam Behsudi and He Huifeng | South China Morning Post

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. Read more here