Part 4/11:
The complexities of current tariff negotiations, particularly those involving China, are vital. President Trump’s administration appears to be taking a strong stance against Chinese practices, which are described as unfair and asymmetric. This has resulted in high tariffs being placed on Chinese imports. The overarching goal is to eliminate loopholes and dictate a more level playing field for fair trade. Interestingly, Vietnam has emerged as a key player in these discussions, having proposed a reduction of tariffs to 0% but still faces punitive tariffs due to its trade relationship with China.