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Patrick
2025 Apr 23, 10:27am
Patrick
2025 Apr 23, 10:27am
Even simply imposing and then reversing tariffs creates uncertainty about outsourcing, which is an incentive to manufacture in the US. So I see it as a win for US workers.
Vietnam government limiting import of Chinese supplies with tariffs of their own so as not to get their exports embroiled in the US Tariff War.
"Country of Origin" washing is failing as Vietnamese Customs Authorities interfere and stop Chinese shipments for relabeling as Vietnamese.
https://www.youtube.com/watch?v=k2XIJksIdBs
One way country washing doesn't work is that it scares the legit manufacturers in the country lest they all be penalized because of the cheaters, who then demand the authorities do something. Since they are native taxpayers and paying for the politicians, politicans are more worried about them than the smugglers/reflaggers. It's easily detectable by authorities because of the sudden increase in that product that can't be explained by output (ie finished wood products shooting up 50% in a quarter) .
In Vietnam, Customs agents are putting domestic manufacturer reps in charge of country of origin certification.
Vietnamese were visited by Xi, looking to build an anti-US "Free Trade" coalition, but only got a weak letter bemoaning "power politics"