Trump, Trade Deal
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Retailers avoided a worst case scenario in Vietnam. But executives say Trump's trade deal could still hit consumers
Vietnam was the retail industry's backup plan after Trump hiked tariffs on China during his first term, and it's now the second largest supplier for footwear, apparel and accessories sold into the U.S., according to the American Apparel & Footwear Association.
The announcement came after President Trump in April proposed a steep 46% tariff on Vietnamese imports; he later paused those tariffs while talks continued.
President Trump's trade strategy, marked by elevated tariffs, is yielding agreements with nations like the EU, Japan, and Vietnam. The EU accepted 15% US tariffs and committed to significant purchases and investments.
President Donald Trump’s tariff threats against Thailand and Cambodia pushed them toward ending their deadly border clash this week, showing again his willingness to use a trade war cudgel to stop armed conflict and upstaging China in its own backyard.
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Trump: 'We Have A Vietnam Deal'
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white house press briefing: trump administration achievements on sports, trade, gas prices
White House press briefing highlights the Trump Administration's achievements: keeping men out of women's sports, a new trade deal with Vietnam, and 4-year low gas prices.
In Vietnam's northern manufacturing belt, tariff angst isn't stopping the flow of Chinese money. If anything, it's growing.
Vietnam estimates its exports to the US could decline by as much as a third if higher tariffs announced by President Donald Trump take effect, an internal government assessment shows.
The electronics hub of Bac Ninh province just east of Hanoi is buzzing with Chinese activity. Read more at straitstimes.com. Read more at straitstimes.com.
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Grist on MSNClimate change has sent coffee prices soaring. Trump’s tariffs will send them higher.
From drought-stricken farms to rising trade barriers, the global coffee industry is facing unprecedented strain.