Another source added that the end goal here is to hasten US decoupling from Chinese high-tech while increasing Vietnam's own industrial capacity. For some context, Vietnam houses large manufacturing operations for the likes of Apple, Meta, and Google but often relies on components made in China.
As a reminder, Vietnam was slapped with an initial 46% tariffs in April and the deadline for negotiations remain until 8 July.
This article was written by Justin Low at www.forexlive.com. Read More Details
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