Here's your Forbes Daily Briefing for Sunday, November 24th.

Today on Forbes, under Trump tariffs, Made in Vietnam, will be the new made in China.

President-elect Donald Trump says his plan to impose heavy tariffs on goods imported to the U.S.

will shrink the federal deficit, lower food prices,

and create more jobs at home. On the campaign trail in Savannah, Georgia, he vowed to, quote,

relocate entire industries to the U.S. In September, he said, quote, you will see a mass exodus

of manufacturing from China to Pennsylvania, from Korea to North Carolina,

from Germany to right here in Georgia.

However, such reshoring is unlikely to happen, certainly not at the scale and speed that Trump wants,

if ever. Instead, expect to see one country as a major beneficiary of Trump's policies, Vietnam.

Jason Miller, a professor of supply chain management at Michigan State University, told Forbes,

quote, if previously it was made in China, now it's going to be made in Vietnam. That production

is not coming back to America.

During the previous Trump administration, major foreign corporations, including Apple, Foxconn,

and Intel, started pivoting to Vietnam as a way to diversify their manufacturing portfolio.

Just two months ago, SpaceX announced a $1.5 billion investment in

Vietnam, too. Even the Trump Organization is investing in the country, with a recently trumpeted

$1.5 billion luxury real estate deal. And now, the Southeast Asian nation is well positioned

to benefit even more from the anticipated

anti-China sentiment of the forthcoming administration, especially if it moves quickly

to streamline regulation so that businesses can move in quickly.

Vietnam has a number of advantages over other regional rivals like India.

...