Donald Trump, once more, is moving to slash imports from China. Just like in his first term, the returning U.S. president wants to decouple from the world’s second-largest economy and establish self-sufficiency in key strategic sectors.
Escape from China' is the watchword in Vietnam for businesses offering an alternative to Beijing's communist encroachment, says Rainer Zitelmann.
In September, Chinese government forces allegedly assaulted Vietnamese fishermen in the contested Paracel Islands, leaving several with broken limbs. This prompted a rare public protest from Hanoi. Beijing said its personnel had been "professional and restrained.
A spate of drills by China’s military in the Indo-Pacific is testing the Trump administration’s commitment to regional security soon after its actions raised doubts about its alliances with European nations.
China is flexing its military muscle in the region to show that it will not wait for the Trump administration to decide how hard it wants to counter Beijing.
Taiwan says China violated norms and caused a "high degree of danger" by announcing "live-fire exercises without prior warning" just off its coast.
Beijing imposed broad tariffs on imports of American food and said 15 U.S. companies could no longer buy from China without special permission.
Vietnam, as with many other countries, is also highly exposed to Trump’s threats of reciprocal tariffs on US trading partners. He has also threatened to levy 25 per cent tariffs on steel imports, which could also hit Vietnam, the US’s fifth-biggest supplier of the metal.
Washington has plunged into a tariff war with Beijing that puts America’s northeast Asian allies ... “Most at risk,” it said, are Taiwan, Vietnam, and South Korea. The tariff surpluses enjoyed by these entities show the obstacles Mr. Trump faces ...
The new tariffs on China come on top of a previous 10 per cent duty implemented earlier in February. Read more at straitstimes.com.