Vietnam 

Vietnamese shrimp exporters enjoy zero taxes to the US – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  The zero per cent tax is great news for the Vietnamese shrimp sector. — Photo enternews.vn HÀ NỘI — The US Department of Commerce (DOC) on Wednesday released the final results of the 13th period of review (POR 13), officially imposing zero per cent tariffs on 31 Vietnamese shrimp exporters. The DOC announced that the zero per cent tariff will be applied to the two mandatory respondents in the review, Sao Ta Foods JSC and Nha Trang Seaproduct Company. The other 31 enterprises shipping shrimp to the US will be…

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Money 

China’s exporters will be forced to downsize, cut jobs, relocate if Trump follows through with tariff threat

Traditional export manufacturers in China’s Pearl and Yangtze River Delta regions already struggling under the weight of existing tariffs levied by the Trump administration expect the new tariffs on US$300 billion of Chinese imports to cause their businesses to shrink, force them to lay off workers, and for some, speed up relocation plans.Fears run deep that the trade war between China and the United States will last for several years, with tariffs truces like the one agreed between President… Source link

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Vietnam 

Talking Shop: Ministry helps steel exporters minimise negative impacts of US decision – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Lê Triệu Dũng, Director general of the Trade Remedies Authority under the Ministry of Industry and Trade. — VNS Photo Đoàn Tùng Earlier this month the US Department of Commerce (DOC) announced a preliminary ruling on the circumvention inquiries into Vietnamese cold-rolled steel and corrosion-resistant steel exports made from raw materials imported from Taiwan and South Korea. Việt Nam News’ reporter Thu Ngân asks Lê Triệu Dũng, director general of the Trade Remedies Authority, about it. The DOC has announced a preliminary ruling on Vietnamese steel imported into the…

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Global 

China’s exporters welcome trade war truce, but worry about long-term outlook

China-based manufacturers have welcomed the news of a truce in the year-long trade war between Washington and Beijing, with a freeze on further tariffs.President Xi Jinping and his US counterpart Donald Trump confirmed the deal – reported earlier in the week – on the sidelines of the Group of 20 summit in Osaka on Saturday. The US will put on hold new duties on US$300 billion of Chinese goods, and the world’s two biggest economies will restart trade talks. Trump also offered to ease… Source link

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Vietnam 

Exporters of farm produce face tougher standards in China – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Speakers chat during a break at a meeting on imports and exports of agroforestry products between Việt Nam and China held yesterday in HCM City. — VNS Photo Bồ Xuân Hiệp HCM CITY — Vietnamese exports of agricultural products must meet food safety, quality and traceability requirements to China which now requires that exports be sent through official channels only, speakers said yesterday at a meeting held in HCM City.  Trần Thanh Nam, deputy minister of Agriculture and Rural Development, said that Vietnamese producers must change their mindset about China and improve production to meet new market requirements. He noted that…

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Home 

Exporters, utilities and miners to benefit with yuan likely to weaken beyond seven to US dollar for first time in decade

The yuan is widely expected to test the psychologically important rate of seven to a US dollar for the third time in three years, amid an escalating trade war between China and the United States, the world’s two biggest economies.But unlike 2016 and 2018, when Beijing intervened to support the Chinese currency, its central bank governor, Yi Gang, has indicated there are no “redlines” for the exchange rate this time.“Chinese growth is likely to be further derailed by the ongoing trade war … [it]… Source link

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China 

China’s exporters of Donald Trump wigs and American flags ‘had no idea’ they face higher trade war tariffs

On Tuesday, US President Donald Trump was greeted by the Louisiana Lieutenant Governor Billy Nungesser, who proudly brandished socks featuring the president’s face and distinctive hair.The socks were manufactured by Gumball Poodle, a California-based company, whose website proudly states: “All our socks are proudly made in the USA.”However, users of the Chinese e-commerce portal Alibaba can buy almost identical socks in bulk from Yiwu Hodeang E-Commerce, a Chinese manufacturer who said he ships… Source link

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Global 

China exporters react to Donald Trump’s new trade war tariff plan: ‘This will kill my US market’

Exporters from China woke up on Tuesday to the news that US President Donald Trump has pressed forward with what was previously considered the “nuclear option” in the long-running trade war.By publishing a plan to roll out tariffs of up to 25 per cent on almost all of the remaining goods China sells to the United States, Trump has gone further than many thought possible when the trade war’s first skirmishes took place almost one year ago.Overnight, the Office of the United States Trade… Source link

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Vietnam 

Eastern Europe could be a lucrative market for Vietnamese exporters: forum – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

A panel discussion at the Việt Nam-Eastern European Trade Forum being held in HCM City on May 8 by the Ministry of Industry and Trade. — VNS Photo  HCM CITY — Eastern European markets offer great potential to exporters given their relatively high GDP growth and less stringent quality requirements compared to Western European countries. But to succeed in exporting to these countries, Vietnamese firms must have long-term strategies, improve product quality and study the market carefully to make suitable products, the Việt Nam-Eastern Europe Trade Forum heard in HCM…

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Global 

Donald Trump is a business ‘killer’ who ‘never plays by the rules’, say Chinese exporters after tariff threat

US President Donald Trump is a business “killer” who “never plays by the rules”, according to China’s manufacturers who have been left reeling by the news that tariffs will be increased from 10 per cent to 25 per cent on US$200 billion of Chinese imports into the United States.Trump issued the threat to increase the tariffs in a tweet on Sunday, changes which were confirmed US trade representative Robert Lighthizer some 24 hours later, with the new rates set to become effective at 12.01am on… Source link

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