Posted March 28, 2023 by Comments

  • Tiger economies like Hong Kong will feel bite from trade war, but as US tariffs push up cost of Chinese products, Asia’s low-cost manufacturers stand to gain
  • Still, it’s a fleeting victory – in the long term, everyone’s a loser

For Bangladeshi garment maker Viyellatex Group, the spiralling trade tensions between China and the United States that have roiled global markets have instead been a boon for business.

US tariffs have pushed up the cost of Chinese-made products so buyers have turned to the company, a leading producer in Bangladesh, the world’s second-largest exporter of ready-made garments. READ MORE

Similar Posts:

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.