Trump’s Vietnam Tariffs Could End Up Helping China
Trump just put a 20% tax on products coming from Vietnam. That’s more than the current 10%, but still much less than the 46% he had earlier warned about. The goal? To stop China from avoiding U.S. taxes by sending products through Vietnam.
But here’s the twist: China isn’t just shipping finished goods through Vietnam. Instead, it sends raw materials there, has them turned into final products (like clothes or gadgets), and then ships them to the U.S. with a “Made in Vietnam” label. That way, they avoid the tariffs meant for China.
Chinese companies like BYD saw this coming and moved their factories to Vietnam years ago. So even with Trump’s new plan, China is already one step ahead — and still benefiting.
