The US tariff war with China sent American companies scrambling to find alternative manufacturing hubs. India looked promising until the White House upended everything. 

On today’s Big Take Asia podcast, K. Oanh Ha heads to India, where she goes inside two toy factories scrambling to adapt to Washington’s shifting trade policies. How sky-high tariffs are undercutting India’s ambitions to take China’s crown as the world’s factory floor and forcing American manufacturers to make a tough choice. 

Read more: Cutting Ties With China Is Harder Than Companies Expected

Further listening: An American Toymaker Struggles to Break Up With China
The American Toymaker Suing Trump Over Destructive Tariffs

The US tariff war with China sent American companies scrambling to find alternative manufacturing hubs. India looked promising until the White House upended everything.&nbsp;
On today&rsquo;s Big Take Asia podcast, K. Oanh Ha heads to India, where she goes inside two toy factories scrambling to adapt to Washington&rsquo;s shifting trade policies. How sky-high tariffs are undercutting India&rsquo;s ambitions to take China&rsquo;s crown as the world&rsquo;s factory floor and forcing American manufacturers to make a tough choice.&nbsp;
Read more: <a href="https://www.bloomberg.com/news/features/2025-11-18/learning-resources-move-to-vietnam-shows-china-s-dominance?srnd=undefined">Cutting Ties With China Is Harder Than Companies Expected</a>
Further listening: <a href="https://podcasts.apple.com/us/podcast/an-american-toymaker-struggles-to-break-up-with-china/id1746141911?i=1000733927616">An American Toymaker Struggles to Break Up With China </a><a href="https://podcasts.apple.com/us/podcast/the-american-toymaker-suing-trump-over-destructive/id1746141911?i=1000715338062">The American Toymaker Suing Trump Over Destructive Tariffs</a>

The Big Take from Bloomberg News brings you inside what’s shaping the world's economies with the smartest and most informed business reporters around the world. The context you need on the stories that can move markets. Every afternoon.

The Big Take from Bloomberg News brings you inside what’s shaping the world's economies with the smartest and most informed business reporters around the world. The context you need on the stories that can move markets. Every afternoon.

Big Take

India Wanted to Become The World’s Toymaker. Then Tariffs Happened

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/bec07c99-fefa-4314-a9ce-b3ae0157d214/transcript