The US announced in May this year that it would raise tariffs on Chinese semiconductors from 25 % to 50 % by 2025.  ,
Another tariffs- including a 100 per cent work on Chinese energy vehicles, 50 per share on renewable cells, and 25 per cent on steel, aluminium, EV batteries and key minerals- went into effect on Sep 27.  ,
IBE Electronics also faces some challenges despite the cost benefits it can move on to customers operating in Vietnam.
The production time that is two weeks longer than its factory in China because of the country’s emerging supporting business. Additionally, there is an extra 5 % shipping cost.
POTENTIAL FUTURE IMPORT TARIFFS
Relocating from China might not protect businesses from the danger of a new level of business conflict escalation.  ,
Whether Democratic presidential nominee Kamala Harris or her Republican rival, former president, Donald Trump wins the election on Tuesday ( Nov. 5 ), analysts predict the conflict will continue.  ,
But, under a Trump leadership, some states may have a reason to fear the future of their business relationships with the US.
Trump announced that if reelected, he may establish 10 to 20 per cent in jobs across the board on all goods. This is distinct from the 60 percent or more of the price he intends to impose on Chinese goods into the US.
” Some more Taiwanese businesses will visit Vietnam in the future. But, we are also worried about levies on Vietnam as well, so that’s why we need to have a service in the US”, said Ms Xu.