Trump, Vietnam
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With just weeks left, Philippine industries are pushing to lower US tariffs to 10% as Vietnam and Indonesia secure trade deals, citing risk to garments, semiconductors.
The recent tariff agreement has calmed bilateral tensions between Hanoi and Washington, but new trade tensions could be in store.
Trump threatened a 50% tariff against Brazil, one of the U.S.’s largest suppliers of green coffee beans, starting Aug. 1.
HO CHI MINH CITY] Tariff-free or not, American sport utility vehicles (SUVs) face a tough road in Vietnam where nearly half of all car sales go to SUVs, as buyers are likely to still favour leaner, fuel-efficient Japanese and Korean models over the bulky and petrol-guzzling US rides.
Vietnam’s leadership was caught off guard by US President Donald Trump’s announcement last week that it agreed to a 20% tariff, and the Southeast Asian nation is still seeking to lower the rate, according to people familiar with the matter.
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Free Malaysia Today on MSNVietnam, Indonesia edge in US tariff fight a concern, says ChowThe Penang chief minister calls for 'creative and effective negotiation strategies' to bring down the tariff rate on Malaysia by half.
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Tariffs—taxes placed on imported goods—are one of the oldest tools in the United States' economic policy arsenal, dating back to the 18th century. Recently they've returned to the spotlight in a big way.
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Amazon S3 on MSNzeroes tv: vietnam's silver lining: trump's tariffs & the us-china trade warCarson Block & Rob Medd unpack Trump's trade agreement with Vietnam, impacting exporters, FDI, and the economy amidst US-China trade tensions.