US-China Trade War Is Good News for Some Countries
As with any war, there are winners and losers. That is also the case with the U.S.-China trade war.
As the two countries battle, companies affected by high tariffs are looking to manufacture their products elsewhere, and businesses outside of the U.S. and China are seeing economic booms.
Two factories in Vietnam currently make electric bicycles for Pedego, an American company based in Fountain Valley, California. Eighty percent of Pedego’s bike parts used to be from China, but not anymore.
“Now, we’re probably 70% in Vietnam, and 30% in Taiwan,” said Don DiCostanzo, Pedego’s co-founder and CEO.