The transcript indicates that the analysis points to "tentative evidence of rerouting, particularly by Chinese firms that newly invested in Vietnam after 2018." It further suggests that if this rerouting can be definitively shown, countervailing measures against those exporters may be warranted. No specific details of the evidence are provided in the transcript.
The transcript mentions that Vietnam is considering revaluing its currency in response to the tariffs. Additionally, a Vietnamese delegation reached out to the White House to strike a deal, and the Vietnamese party general secretary contacted the US administration, offering to potentially reduce tariffs on US products entering Vietnam to zero.
This CNBC video discusses the impact of President Trump's tariff plan on Vietnam, focusing on the reasons behind the tariffs, their potential effects on Vietnamese producers and US consumers, and the broader context of the "China +1" strategy. The video explores the economic relationship between the US and Vietnam, highlighting the significant trade deficit and the potential for further escalation.
The transcript states that Vietnam exports a lot of final assembly of electronics, such as iPhones and Samsung smartphones, and a lot of apparel. It also mentions that Vietnam is the second-largest supplier of clothing and shoes to the U.S. after China and that Nike produces about 50% of its footwear and 28% of its apparel abroad in Vietnam. However, the transcript does not provide specific percentages of US consumption for these goods.