Escaping Trump’s China tariffs

Expected gain: As producers move out of China, factories like this one in Bangkok and in other parts of South-East Asia are expanding to meet demand. — Reuters

WHEN Larry Sloven heard last year that US tariffs threatened his China electronics business, he knew that setting up shop elsewhere would be a slog rather than an adventure.

The 70-year-old had spent half his life building supply chains in southern China to produce goods for big-box US retailers. But he had never reshuffled one on short notice, with tariffs hanging over his head.