Vietnam, Donald Trump
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19hon MSN
President Donald Trump’s threat to boost import taxes by 50% on Brazilian goods could drive up the cost of breakfast in the United States. The prices of coffee and orange juice — two staples of the American morning diet — could be severely impacted if there's no agreement by Aug.
President Trump is pushing through with his tariff agenda, unveiling a new batch of letters to country leaders outlining tariffs on goods imported from their countries beginning in August and a warning to BRICS nations.
Vietnam was the first in Asia to strike a deal, but it has little leverage against Washington, and is now facing levies up to 40%. The same goes for Cambodia. A poor country heavily reliant on exports, it has been negotiating a deal as Trump threatens 35% tariffs.
Vietnam is preparing stricter penalties to crack down on trade fraud and the illegal transshipment of goods, and has focused its inspections on Chinese products as it tries to comply with commitments made to Washington,
President Donald Trump revealed new higher tariff rates for more than a dozen countries after hitting Japan and South Korea first earlier in the day.
Nintendo lists Cambodia as one of its main manufacturing sites while Apple appears to use two contract manufacturers with factories in Thailand.
Any country aligning themselves with the anti-American policies of BRICS will be charged an additional 10% tariff."
Chinese state media reported Tuesday that the country would increase its tariffs on the United States if President Donald Trump sidelines the country in trade deals with other countries. The country argues that if the U.