How China Uses Vietnam To Evade Higher Tariffs

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Vietnam is the 6th largest source of U.S. imports. If the U.S. government’s reciprocal tariffs reach levels suggested in April, it could change the country’s economic trajectory. Higher tariff rates are expected to cost U.S. households thousands of dollars. The White House says the new duties on imported goods will cut down on unfair trade practices abroad, putting the United States in a more competitive position against emerging manufacturing powerhouses in south east Asia.

Chapters
0:00 Introduction
01:14 Consumer goods
03:04 The China +1 strategy
05:11 Trade deficits

Produced and Edited by: Carlos Waters
Senior Director of Video: Lindsey Jacobson
Graphics: Mallory Brangan, Jason Reginato
Additional footage: Getty Images
Additional sources: International Energy Agency, Northern Trust, U.S. Census Bureau, U.S. International Trade Administration, U.S. Trade Representative, White House, Yale University

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How China Uses Vietnam To Evade Higher Tariffs
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This...this is a great summary. I have worked for 20 years in SEA manufacturing, and they have made factories around things Americans want to buy. However Americans don't make factories that make things Asians want to buy. That is why there is a trade imbalance.
America needs to start building for the rest of the world if they want more balance trade.
Almost no where else in the world do people use RV campers, motorhome, quad bikes etc etc.
Currently American companies build for the American consumer and then complain when they can't sell to people that aren't American.

chadfife
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Tariffs will increase costs of finished goods and components used throughout US manufacturing. This will be an immediate and huge hike in inflation. To fight inflation the Fed will have to hike interest rates which will be wonderful for the billionaires but possibly take away the middle class. Inflation is so high that consumers are literally taking debt for basic life necessities. Collapse has indeed begun..

MargaretWest-mu
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Trump's policies, including tax cuts and deregulation, were seen as positive for the financial sector, fueling a strong market rally. His tariffs, particularly on China, aimed to protect U.S. companies but also created some market volatility. If you're considering investing over $300K, it’s important to factor in how these policies could affect the broader market, especially in terms of trade impacts and financial sector performance.

sirheisenberg
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Another factor why the tariff calculations is stupid is that it doesn't account for US services. In Vietnam almost everyone is using Google, Youtube, and Facebook.

avatar_ng
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What great reporting. Well done to all involved. Thank you.

scottharper
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This is a good report. Many outsider think that Vietnam only export what China re-routing to Vietnam, but no, actually the re-routing is only a very small percentage of what Vietnam export, and re-routing is everywhere even with US made products. American companies and companies from US allied countries hold the majority percentage in Vietnam export.

oigioioivn
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Vietnam is used to being poor, if we get richer we will be happier. If not, we are still happy and have nothing to complain about. But America is used to being rich and suddenly becomes poor, that will be a problem.😂😂😂😂

HaHien-ks
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The Trump legacy, full of tariffs and trade restrictions is killing the market. Post election, is one of those things that could really contribute to portfolio growth and vice versa. I've been going hard with my investments this year and have been able to build up to 180k, Are there tips I could apply to help me grow my portfolio even more during this recession season

tonysilke
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Vietnam should not allow China to backdoor products and good via Vietnam into the USA. Countries that are allowing China to backdoor goods and products into the USA to avoid tariffs should be put on notice and penalized .

talonfive
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I grew up in Vietnam in the 80s life was hard.

NJiren
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Many have misconceptions that Vietnam is the backdoor for Chinese goods to the US. However, major investors in Vietnam are from Korea and Japan.

ThienHoang-trdh
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New Balance makes a majority of its shoes in Vietnam.

justayoutuber
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Thank you young one you’ve made this elder very happy

GrandElderWisdom
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Lmaoo imagine outsourcing your manufacturing to asia and then setting a tariff on a trade that youve created yourself. US is basically blaming others for their own incompetence

Garrison
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I’m absolutely fed up with the government bleeding the people dry. They already rake in revenue through tariffs, yet they still pile on taxes—for wages, housing, income, retail, land, even schools. It never ends. And the worst part? We have zero say in any of it. They take and take, while ignoring the very people they’re supposed to represent.

bingbangbongmukbang
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All US can do is blame others, instead of improving products and services. 😂

BKLau
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Just like China, Vietnam will re-align its export market over time. Who wants to trade with a country that weaponizes its trade with you when you don't do anything to its bidding?

chongkt
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Isn't this what luxury brands from Europe has been doing all along? LV, Gucci, Prada, Chanel, all these designer brands are all 99% made in China. The rest of the 1% is exported back to Europe, which finishes touches and a "Made in Italy" tag on it.

thebaycity
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Vietnam is a manufacturing country, they are not for paper companies for just changing the country of origin

cwaddle
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The major issue is these companies don’t reduce the price of goods to Americans. They just pocket more profits.

nordlandak
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