You sure anot? Trump goal is to get those factory to open in USA, not vietnam. He also wants other countries (vietnam) to buy more USA products to reduce the trade deficit. But vietnam is too poor to do that
Besides, trump can just come up with more weird reason next month to tariff again. He got label vietnam as currency manipulator among other stuff
No no, my thinking is...
If Vietnam faster makes a deal with the US to reduce tariffs to 0%. MNCs around the world, even those sellers at China, will faster move over to open factories in Vietnam so their products will be "Made in Vietnam" to bypass the tariffs. Whereas if they still sell at their own country they will face the tariffs and Americans won't buy since it is 10-97%+ more expensive than before.
And if many companies start pumping investments into Vietnam, the dong will appreciate and it won't be as weak as before. Everyone may benefit.
If those companies move back to the US to open up plants/factories, and with the labour cost, the overall is more expensive... And no doubt other countries will put tariffs on the US, so it is not feasible in the long-run...
Of course, my thinking and 'in theory' nia...
