He singles out Vietnam and India, both hot smartphone and personal computer (PC) assembly markets thanks to low labour costs, as most at risk of supply chain-disruptive tariffs.
Credit rating agency S&P Global Ratings sees that the most vulnerable companies to trade barriers between the China and the US are those with a heavy reliance on the former’s integrated technology production infrastructure and the latter as a major end market.
Credit analyst Clifford Kurz highlights: “Most companies have plans to expand production outside of China. Understanding where production is shifting to elsewhere in Asia is important to predicting the consequences of reciprocal tariffs on countries outside of China.”
