Vietnam Will be the Biggest Loser from Trump’s Tariff Barrage
Worse than promised and feared, Trump 2.0 has slapped the world's steepest tariffs on Asia, with the highest being on China at 54% (20% from existing duties and 34% in new "reciprocal" rates), while Cambodia, Laos, Vietnam, Myanmar, Sri Lanka, Bangladesh, Thailand, Taiwan and Indonesia all face fees above 30%. There were some sectoral exemptions, including commodities, pharmaceuticals, semiconductors, and energy.There are three key questions on these tariffs:1. Are they maximalist positions and what can countries do to "negotiate" them lower?2. What will be the short-term direct and indi...