Thread by @DolphinDemVoter

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)
#economics

reuters.com/article/us-usa…

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.

bloomberg.com/news/articles/…

Tawainese companies are also moving out of China to invest in their home country, making #Tawain a winner in the #TrumpTradeWar

#economics

taiwannews.com.tw/en/news/3679587

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 😕

asia.nikkei.com/Economy/Trade-…

#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.

#trade
#economics

bloomberg.com/news/articles/…

#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 😕

#economics
#trade

newsweek.com/trade-war-trum…

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).

#economics
#trade

business.financialpost.com/commodities/ca…

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

#trade
#economy

reuters.com/article/us-usa…

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 😕

nytimes.com/2019/02/12/us/…

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 😁