00:00It's Benzinga, bringing Wall Street to Main Street.
00:03U.S. companies are accelerating supply chain diversification
00:05as Trump's tariffs reshape trade flows, according to CNBC.
00:10The proportion of supplier volume from China, Hong Kong, and Korea
00:13fell from 90% to 50% over the past decade,
00:17with a sharp shift during the first trade war.
00:19Wells Fargo said mid-sized suppliers have migrated to Taiwan,
00:23Vietnam, Indonesia, Thailand, India, and Malaysia.
00:26Imports from China to the U.S. are down 26% year-over-year,
00:31while China's trade with South Asia-Pacific countries has risen.
00:34HSBC said higher tariffs have increased working capital needs
00:37as companies negotiate payment terms to preserve cash.
00:41The bank reported a 20% rise in financing flows since Trump's April tariff rollout
00:46and said surplus inventory brought in to offset tariffs is nearly exhausted.
00:50For all things money, visit Benzinga.com.
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