Vietnam
Shein to set up huge Vietnam warehouse in U.S. tariff hedge, Reuters reports
People walk at the Shein office building in China on April 16, 2025. Tingshu Wang | Reuters Fast-fashion online retailer Shein is leasing a huge warehouse in Vietnam, two people familiar with the deal told Reuters, its first in the country, in a move that could reduce its exposure to unpredictable U.S.-China trade tensions. Shein, which was founded in China and sells products […]
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Why the Panama Canal is a big, long-term prize in Trump’s global trade war
The Panama Canal has spent the past few years battling extreme weather, with the El Niño phenomenon and severe drought leading to a water-level crisis. Now, it’s President Trump’s trade war that is threatening the global trade gateway. A critical passage for U.S. East Coast bound ocean freight container traffic, the Panama Canal is facing […]
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Here’s how China could retaliate against U.S. tariffs
China is the world’s second-largest economy and second-largest importer of U.S. goods. Entities in China hold at least $784 billion in U.S. federal debt. The country also controls much of the world’s rare element supply, which is vital for manufacturing technology. China could weaponize these assets if an all-out trade war breaks out, to the […]
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Philippines says China has not seized disputed South China Sea reef
Philippine coast guard personnel and a Chinese coast guard ship on April 23, 2023. Ted Aljibe | Afp | Getty Images The Philippines said Monday there was no truth to news reports that Beijing has seized control of a disputed reef in the South China Sea, after its personnel landed on the unoccupied sandbars and found no Chinese presence there. Chinese state broadcaster CCTV on Friday […]
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Vietnam clamps down on fraud on US exports, document shows
A truck at the Tan Vu Terminal, operated by Vietnam Maritime Corp., at Haiphong Port in Haiphong, Vietnam, on Wednesday, Jan. 15, 2025. Bloomberg | Bloomberg | Getty Images Vietnam’s trade ministry has issued a directive to crack down on illegal transshipment of goods to the United States and other trading partners as it tries […]
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Trade war fallout: Cancellations of Chinese freight ships begin as bookings plummet
Aerial view of the import and export container terminal of Longtan Port on December 26, 2024 in Nanjing, Jiangsu Province of China. China News Service | China News Service | Getty Images U.S. importers are being notified of an increase in canceled sailings by freight ships out of China as ocean carriers try to balance […]
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China’s Xi says ‘protectionism will lead nowhere’ as he starts Southeast Asia outreach amid tariff worries
Vietnam’s Prime Minister Nguyen Xuan Phuc, 4th right, and Chinese President Xi Jinping, left, attend the meeting at the Great Hall of People on April 25, 2019 in Beijing, China. Pool | Getty Images News | Getty Images Chinese President Xi Jinping said that there are no winners in a trade war and warned against […]
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How China used Vietnam to evade higher U.S. tariffs
The threat of rising tariff rates on U.S. imports could hobble the economic trajectory of countries such as Vietnam. Foreign direct investment in Vietnam has increased in recent years as firms search for ways to manage risks stemming from production in China. Vietnam has received approximately $18.5 billion in net foreign direct investment, according to World Bank […]
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Apple may hike iPhone prices as Trump tariffs on China remain high
Apple is once again in the crosshairs of a global trade war. This time, the stakes may be even higher. On April 2, President Donald Trump signed a sweeping executive order instituting reciprocal tariffs on a wide range of imported goods, including those from China, India, Vietnam and other countries critical to Apple’s supply chain. […]
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Walmart pulls quarterly operating income forecast, citing Trump’s tariffs
A Walmart Supercenter in Burbank, California, on Nov. 21, 2024. Allen J. Schaben | Los Angeles Times | Getty Images DALLAS, Texas — Walmart on Wednesday pulled its outlook for operating income in the first quarter, citing uncertainty about the potential impact of sweeping tariffs on China, Vietnam and other key sources of goods across […]
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