Big US companies are accelerating efforts to move more of their supply chains from China to neighboring countries in light of Trump administration tariffs. Companies in sectors such as technology, clothing and footwear are exporting more goods from emerging giants including Vietnam and Malaysia, data show. Some companies may be pushing the envelope a little too much, violating US rules against "transhipments," the routing of China-made goods through other countries to evade tariffs, legal experts say. This retooling, which was in the works prior to the tariffs, could boost profit margins, said Xcel chief executive Robert D'Loren. And there is no guarantee that the emerging manufacturing venues will be safe from US tariffs down the road.

Source: Mint July 21, 2019 02:03 UTC