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by mitthrowaway2
438 days ago
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Pressure to move back to China where their tariff drops from 49% to 34%? Over the past few years a lot of companies have moved production out of China and into friendlier countries like Vietnam, anticipating US pressure on China. Vietnam's tariff rate is 42%. Now they wish they'd left their production lines in China. |
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That assumes the tariffs will be imposed long term.
They are intended as a bargaining measure so some compromise will be reached. it is very likely that in the long run Vietnam will pay lower tariffs.