For all of Cong Gine, a supplier of Vietname in the Foods in the court including Adidas and Columbia, a trade with Donald Tariffs of Donald Trumps must be a great relief.
Vietnam is only one of the two countries Trump says took an agreement With the US through July 9 deadline to prevent his so-called retaliation tariffs. This week, many of its neighbors received letters From the threat of the White House, in some cases, higher foes.
But the company is left shocked by the deficiency of the detail of the agreement. Trump announced a blanket 20 percent tariff rate, from an initial threat of 46 percent, but a Vietnam or the US provides additional details or released a final version of a trading agreement.
Hanoi also did not confirm the new tariff rate, saying only that both sides reached a “fair and balanced uncertainty of uncertainty for companies.
US side also includes a clause threatens a 40 percent rate of Things “transshiped” – or Return – by Vietnam, even if it does not mean transhipment. But clause attracts concerns among businesses they are punished for using Chinese inputs, which is critical to supplying Vietnamese chains.
Tran Nhu Tung, the company’s seat, noticed that 20 percent base rate is no longer than 15-17 percent of import tax currently paid by Vietnamese makers. But the transhipment clause can be prove to be a large challenge.
“For products that (have) materials from China but manufactured in Vietnam, what is the US export tariff? 20 percent or 30 percent?” said Tung. “We have to wait.”
Vietnam, one of the largest suppliers of clothes, shoes, electronics and other US products, attracting Chinese powerhouses from China from China to avoid geopolitical stress.
Most companies are beating to know the new trading deal to work – and when moving is easy, Vietnam is self-scored.
“There’s a sigh at least we know what is the answer for Vietnam …
The transshipment clause is “most unclear and most dangerous dangerous part of this deal”, he added.
Vietnam many are imposed. One of the largest countries that depend on the world, with a export-to-GDP ratio of approximately 90 percent go to economic growth for economic growth for economic growth for economic growth for economic growth.
Its excess trade has passed through recent years of $ 123bn in 2024, the third largest in the back of China and Mexico.
The country also made accusations to serve as a canal for Chinese companies trying to avoid Washington tariffs. A large amount of marketing to make Vietnam has from Chinawhich is regarded as nearly one of three new projects last year.
Experts say the Trump’s Trump administration can refer to a range of acts From the simple repackation of Chinese things with a fake “Vietnam” label or using the raw materials in the Chinese things.
“Effect can be more limited if this 40 percent tariff is implemented only for larger coating acts,” said MIFG andigns Michael Wan.
“In contrast, if there is a more strict transhipment determination defined as a specified amount of foreign value added, the effect … can be expressed.”
Given the Trump Administration’s Interest in Isolating ChinaBusinesses are afraid of a wider definition. It is very harmful for Vietnam, where many businesses depend on the raw materials and ingredients in Chinese, and warns that removal of it is impossible.
“That doesn’t make sense, without thinking about how global global supplies work,” said a businessman in Hanoi. “Not just impossible for Vietnam. It’s impossible for everyone.”
The other great unknown how to rate the Vietnam tariff compared to its neighbors – a difference that can be critical of Vietnam who remain competitive benefits such as a manufacturing hub. Trump set up a new deadline on August 1 for countries that come with a US agreement.
“Even if the Tariff’s finishes are last a win or loss for Vietnam depends on the other ‘China Plue in Dezan Shara & Associates.
The official data for the first half of the year appeared to FDI increasing almost a third to $ 21.5bn, suggesting that investment is not afraid of tariffs. Vietnam also has an edge of some incentive and affordable costs for producers.
But Steve Greenspon, builder of housekeepers’ household goods, warned that even “a 20 percent tariffs result in a higher price and inflation of things”.
“It is definitely leading to the need for things, hurting Americans in America and work,” he said. “Companies continue to make their products in Vietnam, at least one higher speed than before the tariffs.”
For Tung, orders from US customers for the third quarter falling between 15 and 20 percent, after shipping time before the shipping time before the time of the ship. Up to 70 per cent of raw materials for rubber production, from cotton yarn to zippers and elongation from taking away stopping to withdraw from stopping stopping to withdraw the dispute Trantshipment.
“Most fabric materials in Vietnamese clothing acidity imported from China,” Tung says. “So it is difficult to find another material supplier outside China.”
Data Visualization of Haohsiang Kok in Hong Kong
