Economists estimate trump's #TradeWar w/ China has already cost U.S. companies & consumers $19.2 billion.

Now U.S. retailers, to avoid drastic price increases in the U.S., purchase products from Tawain, South Korea, Vietnam, & Mexico (thread)
The trump #TradeWar is making #Vietnam a winner-- as "exports rose 12.4% in the 2nd half of 2018...outpacing the five biggest economies in SE Asia"

And co's like Xuan Hoa Vietnam Joint Stock Co. (furniture) have shifted operations from China to Vietnam.…
Tawainese companies are also moving out of China to invest in their home country, making #Tawain a winner in the #TrumpTradeWar

Apple & #China continue to thrive despite trump's #TradeWar-- w/ Chinese companies being Apple's 2nd largest component supplier (behind Tawain). American suppliers to Apple have decreased 21% since 2012, despite trump's call to increase U.S. production 😕…
#Mexico is another winner in trump's #TradeWar. Chinese companies like Fuling Global Inc., which makes paper cups and straws for U.S. restaurants, have opened factories in Mexico to avoid U.S. import tariffs of Chinese goods.

#Mexico is also winning in the #TrumpTradeWar as small American companies move there to avoid high import costs related to #tariffs-- ultimately costing American jobs 😕

Another winner in trump's #TradeWar-- Canada, who is enjoying increased pork exports to Mexico, and taking advantage of preferential market treatment in Japan under the #TPP脱退 (from which trump withdrew).

Losers in trump's #TradeWar?

American farmers and the U.S. pork industry, which took significant losses due to #tariffs 😕

And China is now in discussion w/ the U.S. to lift its ban on U.S. pork, which only further hurt U.S. farmers

And American whiskey is taking a big hit as prices increase due to retaliatory tariffs from places such as Europe, Canada, China, and Mexico.

American suppliers to the U.S. alcohol industry are also losing in trump's #TradeWar 😕…
Like a tree's roots, companies involved in global #trade will cleverly maneuver their way around obstacles to thrive & settle in places they haven't before.

The #TrumpTradeWar won't stop that reality--it'll only shift power & produce winners & losers. Where will America stand?
Here's another picture of tree roots finding their way around bricks. My kids really wanted me to include it 😁
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