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Investing.com -- Sourcenext Corp., a Japanese electronics manufacturer, has announced plans to establish a new manufacturing base in Vietnam.
The Tokyo-based company, known for its pocket-sized translation device, Pocketalk, currently operates out of Shenzhen, China. The move to Vietnam is intended to mitigate the impact of high tariffs on China and maintain appropriate pricing, according to a press release from the company.
The announcement was made half an hour before the US implemented broad tariffs of 104% on imports made in China and 46% on those from Vietnam. These are among the highest tariffs in the region.
However, Sourcenext Corp. remains optimistic about the future of tariffs in Vietnam, as the company noted in their press release, "we anticipate that the reciprocal tariff rate for Vietnam will improve in the future." This expectation comes in light of ongoing negotiations between the US and Vietnam.
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