WEBVTT

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- For many years, the leading exporters

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to the U.S. remained unchanged.

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But between 2018 and 2022, high tariffs

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and supply chain pressures led

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to a 10% drop in goods
shipped from China to the U.S.

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Are we about to see an
even more dramatic shift?

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As the trade flows changed rapidly,

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the 10 ASEAN countries were
among the biggest gainers,

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with a 65% jump in their
goods exports to the U.S.,

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and India saw a rise of 44%,

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aided in no small measure by the fact

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that India also has a
large domestic market

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and a large talent pool.

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Although China remains
competitive, if India

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and the ASEAN countries
enhance their infrastructure,

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address sustainability concerns,

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and further improve their
business environments,

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they could become large export powerhouses

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and emerge as the biggest winners

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of the global supply
chain reconfiguration.