{"id":248348,"date":"2025-07-08T15:45:13","date_gmt":"2025-07-08T15:45:13","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/248348\/"},"modified":"2025-07-08T15:45:13","modified_gmt":"2025-07-08T15:45:13","slug":"china-and-vietnam-to-stand-together-in-tariff-war-with-usa","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/248348\/","title":{"rendered":"China and Vietnam to stand together in tariff war with USA"},"content":{"rendered":"

\n Translated by<\/b>
\n
Nicola Mira\n <\/p>\n

\n Published<\/b>
\n <\/p>\n

July 8, 2025<\/p>\n

\n On Tuesday July 8, the Vietnamese government said that Prime Minister Pham Minh Chinh and his Chinese counterpart Li Qiang have agreed to strengthen trade ties between the two countries, following a meeting held during the BRICS (Brazil, Russia, India, China and South Africa) summit in Brazil.<\/p>\n

\"\" Shutterstock<\/p>\n

The decision came days after US President Donald Trump<\/a> announced a trade deal with Vietnam, stipulating that\u00a020% tariffs would be imposed on all exports from the Asian country to the USA, as well as a 40% surtax on products from third countries transiting through Vietnam.<\/p>\n

The USA did not provide details about the 40% surtax, but analysts believe they would apply chiefly to components and materials coming from China, the main source of material inputs for Vietnam\u2019s manufacturing industries.<\/p>\n

Vietnam and its factories have emerged as one of the world\u2019s main producers of apparel and footwear, attracting international brands thanks to the country\u2019s abundant supply of cheap labour. In H1, Vietnam became\u00a0the leading apparel supplier to the USA, ahead of the former number one, China.<\/p>\n

Vietnam also plays a key role in global supply chains as a transit point for products manufactured mostly in China and labelled \u2018Made in Vietnam\u2019.<\/p>\n

Under the new US-Vietnam deal, tariffs would still be lower than the original 46% rate that the White House indicated in April, while Vietnam has agreed to exempt from tariffs US products exported into the country.<\/p>\n

Speaking with Li Qiang, Pham Minh Chinh also called on China to prioritise the two countries\u2019 cooperation on railway construction, adding that Vietnam is set to begin building a new rail link to China in December.<\/p>\n

The Vietnamese textile industry is clearly interested in this rapprochement with China, which has long invested in apparel production infrastructure in Vietnam.\u00a0Textiles and apparel account for 16% of Vietnam\u2019s GDP, for 13% of its exports, and generate nearly three million jobs in the country. The USA is the destination for nearly 38% of Vietnam\u2019s apparel exports. This explains why Vietnam has recently\u00a0called on US brands to remain loyal to their\u00a0Vietnamese suppliers.<\/p>\n

(with Reuters)\n <\/p>\n

\n This article is an automatic translation.
\n Click here<\/a> to read the original article.\n <\/p>\n

\n Copyright \u00a9 2025 FashionNetwork.com All rights reserved.\n <\/p>\n","protected":false},"excerpt":{"rendered":"Translated by Nicola Mira Published July 8, 2025 On Tuesday July 8, the Vietnamese government said that Prime…\n","protected":false},"author":2,"featured_media":248349,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5311],"tags":[952,32,2584,15909,5775,15910,49,978,659],"class_list":{"0":"post-248348","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-united-states","8":"tag-beauty","9":"tag-donald-trump","10":"tag-fashion","11":"tag-luxury","12":"tag-network","13":"tag-professionals","14":"tag-united-states","15":"tag-us","16":"tag-usa"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114818392057143182","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/248348","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=248348"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/248348\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/248349"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=248348"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=248348"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=248348"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}