Trump, Vietnam and Tariff
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Trump, tariffs
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3hon MSN
President Donald Trump’s threat to boost import taxes by 50% on Brazilian goods could drive up the cost of breakfast in the United States. The prices of coffee and orange juice — two staples of the American morning diet — could be severely impacted if there's no agreement by Aug.
Blunt letters dictating terms posted to social media and changes late in negotiations have left trading partners wondering what President Trump will do next.
Vietnam aims to sign more free trade agreements, improve supply chains, and diversify its export markets as it grapples with global uncertainty posed by the US tariff offensive. “The global economy is being impacted by geopolitical competition ...
Vietnam was the first in Asia to strike a deal, but it has little leverage against Washington, and is now facing levies up to 40%. The same goes for Cambodia. A poor country heavily reliant on exports, it has been negotiating a deal as Trump threatens 35% tariffs.
By Francesco Guarascio (Reuters) -Vietnam is preparing stricter penalties to crack down on trade fraud and the illegal transshipment of goods, and has focused its inspections on Chinese products as it tries to comply with commitments made to Washington,
2dOpinion
But the main reason for the weeks of seemingly tariff-free calm we’ve enjoyed was Trump’s decision to announce a 90-day pause in his entirely voluntary trade war with the entire world. The problem? These 90 days are now up, and we are about to witness the return of more tariff chaos.
As Wall Street traders continued to share the accusation that “Trump Always Chickens Out,” the president falsely insisted that he did not delay a tariff deadline.
President Donald Trump revealed new higher tariff rates for more than a dozen countries after hitting Japan and South Korea first earlier in the day.
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