Ninendo to Begin Moving Production of It’s Switch Console to Vietnam
|This is the affect that I think the Trump administration’s tariffs on China is trying to cause, the movement of manufacturing out of China. Vietnam could end up being a big winner of this tariff war between the U.S. and China:
Nintendo Co. plans to start making its Switch video game console in Vietnam this year, transferring some of its production from China, a company spokesman said Tuesday.
The official, who spoke on customary condition of anonymity, said the change has been in the works for some time, to reduce risks that come from having production in one nation. He denied it was a direct response to the growing trade friction between the U.S. and China.
He declined to give details on manufacturers or production sites in Vietnam, citing company policy. He said production was set to start this summer but declined to give a date.
Japan’s major business daily Nikkei reported Tuesday that the move was driven by worries that U.S. tariffs on goods produced in China may affect game device sales.
Japan Times
You can read more at the link.
Vietnam could also be the beneficiary of the ongoing trade war between Korea and Japan.