When U.S. tariffs on Indian imports hit 50%, one company weighed alternatives: China at 35% tariffs, or Vietnam at 19-20% with comparable labor costs. The math pushed them toward Vietnam.
That— I saw the question, Nancy, so I've been thinking about this as Max was talking, and I can give you an actual example that maybe answers that question. And from my sourcing perspective, as we were handling the 50% tariffs of US against India on top of the duties, and it was becoming quite cost prohibitive, and I was looking at what are my options, so what can I do? Going back to China, perhaps it's not a good choice because they themselves had a 35% tariff and much higher labor costs. Vietnam was perhaps a play because they had roughly 19-20% tariffs, uh, but with medium labor costs. What other choices did I have?
