Some low-end production had already been moving to places like Vietnam, based on labor costs where Chinese labor costs are now > places like Vietnam (and have b

Some low-end production had already been moving to places like Vietnam, based on labor costs where Chinese labor costs are now > places like Vietnam (and have been for a while). Trump's trade war has accelerated the trend. Arguing the other way is that you have suppliers for, say in electronics, literally everything in places like Guangdong. So that's a disincentive to move.