Trump’s China tariffs boost alternative sourcing regions

As global trade dynamics evolve, US and UK importers are increasingly diversifying their sources of supply to mitigate risks and minimise costs. 

With planned US tariffs on Chinese goods accelerating a shift in sourcing strategies, countries such as Vietnam, Thailand, and South Korea have emerged as major export hubs. 

PSP Worldwide is ideally positioned to help UK and US businesses capitalise on these changes, providing local support, expert vendor management, and cost-effective multi-modal freight solutions to ensure reliable imports from alternative markets.

The shift in global supply chains is driving rapid export growth from Vietnam, Thailand, and South Korea. Vietnam’s container exports have more than doubled since 2017, reaching over two million TEU in the first 10 months of 2024, while Thailand’s exports to key markets have tripled since 2017. 

South Korea continues to expand its share in the global supply chain, exporting over one million TEU between January and October 2024, fuelled by electrical appliances and machinery. While China remains dominant in global trade, its market share has declined as businesses increasingly seek alternatives.

Empowering UK importers
PSP Worldwide is dedicated to helping UK importers adapt to these shifts and unlock new opportunities in global trade. Our tailored solutions ensure your supply chain remains efficient and resilient, no matter where your goods are sourced.

Alternative sourcing support: Access reliable suppliers in Vietnam, Thailand, South Korea, and beyond.

Local expertise: On-the-ground teams manage relationships with vendors and provide insights into local regulations.

Multi-modal freight solutions: Flexible options across ocean, air, and road freight tailored to your budget and timelines.

Whether you’re looking to diversify suppliers or streamline your logistics, PSP Worldwide has the expertise to deliver seamless import solutions. To learn more about how we can support your supply chain, EMAIL Colin Redman, managing director, today.