A survey by the American Chamber of Commerce in China says most companies that do relocate look to Southeast Asia. Vietnam's exports to the U.S. jumped 33% in the first six months of this year, compared with the same period last year.
The American Chamber of Commerce in China conducted a survey in May of almost 250 member companies that found about 75% of its members reported that the increase of U.S. and China tariffs have negatively affected their business.
According to an Amcham China survey in May, 35 per cent of US companies in China said they were adopting an “in China, for China” strategy to cope with the impact of tariffs.
“A gradual decoupling is happening de facto because companies have to make alternative plans when there’s so much uncertainty,“ said Tim Stratford, chairman of the American Chamber of Commerce in China and a former assistant U.S. trade representative.