Global trade is flipping fast! The U.S. is importing like crazy from Southeast Asia, tariffs be damned. Q3 2025 saw a 25% YoY surge in inbound goods from SEA, hitting $40B. Vietnam's killing it with $18B in imports, highest ever. China, on the other hand, took a 40% hit.
Why?
SEA's production costs are 20-100% lower, even with tariffs. Corporations are rerouting supply chains, and trade diversion from China just hit a peak at $23.7B in Sept.
TRUMP
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