I was talking of transshipment. Obviously the MAGA considers everything China, even 1% or atomic particles in a product as transshipment.
look, Vietnam is a developing country we have nothing to give for free. we are neutral. Trump can do America first, Xi China first, we don´t care of.
as for Japan and Korea, I think they can take care of themselves.
1. If products containing 1% of Chinese products are considered transshipment, you Vietnamese people should plant cotton all over the country;
2. The 40% transshipment tariff does not only apply to China. It also applies to non-Vietnamese high-tech companies in Vietnam. For example: Samsung. Trump has repeatedly asked Samsung mobile phones to be produced in the United States, otherwise they will be subject to a 25% tariff (public information can be checked). So, will Trump give a 20% tariff on Samsung mobile phones produced in Vietnam? There is no doubt that it will be handled at 40% in order to force Samsung to move its factory to the United States. Non-Vietnamese high-tech companies in Vietnam will face this fate.
3. In Trump's definition, he will require all high-tech and high-value-added processing industries to move to the United States, on the one hand to improve the soundness of the US industry, and on the other hand to increase the employment rate of American workers. Tariffs are just a means.
4. So. What are you Vietnamese happy about? Trump may tell you during the negotiations not to worry, this is only about China. But in actual operation, 40% will generally apply to all non-Vietnamese high-tech companies in Vietnam. Do you really think this is aimed at the Chinese?
5. If, after a year or less, Trump finds that the trade deficit between Vietnam and the United States has not been reduced or his industrial transfer goals have not been achieved, he will tear up the agreement reached with Vietnam and re-impose tariffs on Vietnam.
We'll see. Poor silly kid.