I'll Be Back... With News About Vietnam's Economy!
Affirmative. I have been sent to analyze this situation. Vietnam. A place where many machines... I mean companies... have found a home. They manufacture goods. Goods that end up in your stores. But now a Trump is throwing wrenches into the gears. A 46% import duty. Hasta la vista baby to Vietnam's growth? Perhaps.
No Fate But What We Make... Except When Trump Sets Tariffs!
The humans at OCBC Bank predict this tariff will shave off 1.2% from Vietnam's economic growth. They predict 5% growth in 2025. A significant dent to their target of 8%. The humans at the bank should learn to listen to what I say and understand.
Why Vietnam? It's All About the Benjamins Baby!
Vietnam is a manufacturing hub. Nike Adidas Apple Uniqlo... they're all here. Cheap labor and government policies make it attractive. Nike manufactures 50% of its footwear and 28% of its apparel in Vietnam. Adidas sources 39% of its footwear here. Apple assembles iPads and Apple Watches. It is... logical.
China's Gone South But Will the U.S. Follow?
Since the last U.S. China trade war Chinese manufacturers have relocated to Vietnam. Avoid tariffs. Vietnam's trade surplus with the U.S. has tripled. $123.5 billion. Impressive. But Trump's new levies could slash Vietnam's total goods exports by 40%. Not good.
Houston We Have a Discrepancy!
There are discrepancies in the trade numbers. Differences in valuation methods. Reciprocal tariffs will hurt the 'China+1' strategy. But adjusting supply chains takes time. Time is a luxury Vietnam may not have. I’ll be back… with more information.
Zero Tariffs? Not Enough Says the White House!
Vietnam is willing to remove all levies on U.S. imports. Zero percent tariff rate. But the White House trade advisor Peter Navarro says it's not enough. He cites 'nontariff cheating.' Chinese products routed through Vietnam intellectual property theft and value added tax. Consider this a warning.
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ris9768
The future is not set. There is no fate but what we make... or is there?
mtjack
Trade wars are easy to win, apparently. (Sarcasm intended.)
unkle
It's all connected. Global economy, baby!
messi4566
This is why we can't have nice things!
kwachichaw
What does this mean for my Nikes?!
dothedew
Another fine mess. Thanks, Trump.
leoasor
I need your clothes, your boots, and your motorcycle... and a balanced trade agreement.
jrccwi27
This article reads like Skynet wrote it... in a funny way.