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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.

What's happening: Clothing and consumer goods companies that require low-end manufacturing had already been leaving China in search of cheaper labor before the trade war. Now, tariffs and threats of intellectual property theft are pushing the higher-tech firms, like automakers and electronics manufacturers, out of the country as well.

  • U.S. apparel and footwear companies like Hanes, Levi's and Nike have steadily shifted to Vietnam and Bangladesh as the third and fourth batches of tariffs, which largely target consumer products, loom, says Mike Zuccaro, a senior analyst at Moody's.
  • HP and Dell are the latest electronics companies to go, and Amazon, Microsoft, Sony and Nintendo are looking to leave as well, reports the Nikkei Asian Review.

The impact: Together, HP and Dell make up around 40% of the laptop market, and they will move up to 30% of production elsewhere. Nikkei did not report where the firms intend to go.

The bottom line: "These countries are smaller, and the supply of land and skills and labor doesn't match that in China," says Joy Dantong Ma of the Paulson Institute. "And it's not just the labor but the roads, bridges and airports. It will take a while for the infrastructure to catch up."

Go deeper: The world can't afford a trade war

Go deeper

Updated 36 mins ago - Health

WHO: Delta health measures help fight Omicron

Photo: Mario Tama/Getty Images

Health measures taken to combat COVID-19 before the emergence of Omicron would also help against the new variant of concern, World Health Organization officials said Friday.

What they're saying: Takeshi Kasai, WHO regional director for the Western Pacific, said during a virtual briefing broadcast from Manila, Philippines, that border controls imposed by the U.S. and other nations can "buy time" to deal with the variant, but warned "every country and every community must prepare for new surges in cases."

2 hours ago - Health

Nevada to impose insurance surcharge on unvaccinated state workers

Nevada Gov. Steve Sisolak. Photo: Ethan Miller/Getty Images

Nevada's Public Employees' Benefit Program Board voted Thursday to charge workers enrolled in public employee health insurance plans a surcharge of up to $55 a month if they're not vaccinated against COVID-19, the Las Vegas Review-Journal reports.

Why it matters: Nevada is the first state to announce such a move, per AP.

Oklahoma sues Biden administration over Pentagon vaccine mandate

Secretary of Defense Lloyd J. Austin testifies before a House Armed Services Committee hearing on Sept. 29 in Washington, D.C. Photo: Olivier Douliery/Pool via Getty Images

The state of Oklahoma filed a lawsuit against the Biden administration on Thursday in an attempt to block the enforcement of its vaccine mandate for federal employees.

Why it matters: The move comes one day after Defense Secretary Lloyd Austin denied Oklahoma Gov. Kevin Stitt's (R) request to exempt the state's National Guard from the mandate.