China Derisking? Not Really. Some Goods Now Sourced from Chinese Companies in Vietnam
Supply chains are still in the hands of Chinese companies but have been “rejiggered” to Vietnam and elsewhere.
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Granting Market Status to Vietnam Would Repeat the ‘China Mistake’
In the same way that Congress erred 20 years ago in granting “normalized” trade status to China, insiders are now pressing the Commerce Department to reclassify Vietnam as a “market economy.”
CPA to Biden Administration: Do Not Grant Socialist Republic of Vietnam “Market Economy Status”
Akin to granting PNTR to China in 2000 WASHINGTON — The Coalition for a Prosperous America (CPA) called on the Biden administration to reject misguided calls to revoke the non-market economy status of the Socialist Republic of Vietnam — a nation where the economy remains highly controlled by the government. According to a report by…
Why China’s Apparel Makers Are Staging A Big Comeback
China is getting its clothing market back. Weaker economies are leading to less demand and that, plus skill sets and manufacturing capacity, is what’s bringing apparel makers back to the mainland.
July Trade Deficit Falls, But Year-Ender Will See Record Breakers With EU, Canada, & Vietnam
The July goods trade deficit shrunk somewhat but that is not going to stop a $1 trillion goods deficit in 2021. Plus, Vietnam surpasses Germany as major U.S.-bound exporter as China moves offshore to avoid tariffs.
‘Trade Wars Are Class Wars’ Authors: Germany’s Mercantilism As Problematic As China’s
Germany is as problematic as China. Authors Michael Pettis and Matthew Klein remind us why.
Record March Trade Deficit Thanks To Pandemic Demand, Some ‘Trade Blockage’ At Ports
Our March deficit hits a record for the month. Southeast Asia deficits now rising with the U.S. to record highs.
Yellen’s Failure on Currency Manipulation: “What She Said. What She Did.”
Yellen takes a pass on calling Vietnam, others, currency manipulators. That puts the onus on Commerce and the USTR to do something about it. Will they?
