2019-07-19 — cnbc.com
"We're hearing from CEOs that more and more supply chains are moving out of China right now, " Fink said on "Squawk Box." "People are not waiting, companies are not waiting to see what the outcome is."
``More than 50 multinational companies are moving production out of China, including Apple, Nintendo and Dell, CNBC previously reported. Companies began announcing in May that they would move from China to Vietnam, as China and the U.S. stepped up tit-for-tat duties.
Brooks Running -- which is part of Warren Buffett's Berkshire Hathaway -- said in May it would be "predominantly in Vietnam by the end of the year," adding that about 8,000 jobs will move there from China.
Vietnam! So much better.
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