Stu Wu
Appearances
WSJ What’s News
China Readies Its Trade-War Arsenal
I actually have been talking to some foreign investors who want to continue keeping their supply chain in Vietnam. They're saying, you know what, 46%, that's not great. But it's still cheaper than going anywhere else. It's still cheaper than China, which has an even higher tariff. I talked to a garment worker whose average wage was $2 per hour, right?
WSJ What’s News
China Readies Its Trade-War Arsenal
And 46% tariff, let's say that's roughly $3 an hour. That's still cheaper than a lot of the places, even in Asia, definitely in the United States. So it's still attractive as a destination because the economics at the end of the day favor Vietnam because of those low labor costs and the infrastructure that they already have here.