Dell

The U.S.-China trade war could spark an Asian labor shortage

A woman works arranging Christmas cards
Inside a Vietnamese factory. Photo: Getty Images

As the trade war with Beijing drags on, dozens of firms — from high-tech electronics manufacturers to apparel companies — have the same idea: relocate out of China to dodge the tariffs.

Yes, but: One seldom-discussed consequence of those moves is a potential labor shortage in places like Vietnam, Bangladesh and Cambodia, where many U.S. companies are fleeing.

Carl Icahn to actively oppose Dell's plan to return to public markets

Carl Icahn sitting in a chair smiling on stage at an event
Carl Icahn. Photo: Heidi Gutman/CNBC, NBCU Photo Bank via Getty Images

Carl Icahn, the activist investor, disclosed an 8.3% stake in a tracking stock for Dell Technologies' position in VMWare yesterday, and said he will actively oppose Dell's plan to return to the public markets via a $22 billion reverse merger with that tracking stock. Per Icahn's letter:

Why it matters: If this sounds familiar, it's because Icahn tried preventing Dell from going private back in 2013, arguing that Michael Dell and private equity sponsor Silver Lake were undervaluing the company.