Source: CNBC
“While the 49% tariff rate that the Trump administration is placing on Cambodian goods will lead to an existential crisis for Cambodian factories and workers already at the low end of global income distribution, reshoring of its manufacturing to the U.S. is not going to happen, according to a trade group that represents U.S. interests in the retail manufacturing hub. ‘They’re absolutely not going to go back to the United States,’ said Casey Barnett, president of the American Chamber of Commerce in Cambodia, the trade association representing U.S. companies manufacturing in Cambodia. ‘I can’t imagine that Americans want to sit down and sew a pair of sweatpants for long hours of the day,’ Barnett said. Barnett said manufacturers in Cambodia are looking at other countries to mitigate the tariffs, but the U.S. is not among the options.” (04/08/25)
https://www.cnbc.com/2025/04/08/trump-tariffs-cambodia-manufacturing-reshoring-us.html