State Street: Tariffs, Transshipping, and the Trouble with Vietnam

“Many investors were surprised by the level of tariffs announced on April 2 for countries like Vietnam and Taiwan. The conversation since then has largely focused on the trade deficit the US runs with these countries and on the regional influence China exerts. But other concerns about currency manipulation and the role of countries like Vietnam in transshipping may have substantially factored into the US administration’s thinking.”

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Morten W. Langer