Part 6/9:
As the Biden administration intensifies tariff measures, the looming threat of bankruptcy extends beyond La Gu. Several reports indicate that various countries, including Cambodia and Laos, are now encountering higher tariffs than before, rendering those regions less attractive for Chinese manufacturers seeking to relocate. For many, relocating production has turned into a futile effort as tariffs continue to mount globally.
Entrepreneurs like Aoy Lifching, who invested substantial resources into establishing businesses in Vietnam, now find themselves entrapped in a hopeless cycle of debt and desperation. The drastic changes have forced many to abandon their ventures—in one case, a factory owner expressed disillusionment at seeing their operations collapse within a year of launch.