US tariff pause on Beijing puts pressure on 'China-plus-one' countries

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US tariff pause on Beijing puts pressure on 'China-plus-one' countries - Business Standard

Quick Summary:

Trade tensions and uncertainty have already reduced pledges for new foreign investments in Vietnam, which in April fell to $2.84 billion, a 30 per cent drop from March and a decline of about 8 per cent year-on-year.

In the new world order dictated by President Donald Trump's shifting announcements of tariffs, countries measure their success not by the terms of their trade deals with the US but by how they compare to other countries.

Now, everything is up in the air again following a breakthrough in US-China trade talks that resulted in a 90-day reprieve from the astoundingly high tariffs on China, leaving a base 30 per cent import tax rate for made-in-China products.