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Trump's gamble has shocked south-east Asia - and could push Vietnam into the arms of China
The Guardian
|April 09, 2025
Vietnam had tried to appease Donald Trump: tariffs on US goods were reduced; regulations were passed to allow Elon Musk's SpaceX to launch its Starlink in the country.
Vietnam had tried to appease Donald Trump: tariffs on US goods were reduced; regulations were passed to allow Elon Musk's SpaceX to launch its Starlink in the country. The prime minister, Pham Minh Chinh, even joked in January that he would happily "play golf all day long" at Trump's Mar-a-Lago home in Florida if it could "bring benefits to my country and my people".
The strategies do not appear to have worked. Trump has inflicted an extraordinary 46% tariff on Vietnam that threatens to devastate its economic growth plans and undermine relations between the two countries.
The tariff has sent shock waves through Vietnam, a manufacturing powerhouse where Trump has always been fairly popular, and south-east Asia.
Across the region, which is dependent on exports, Trump is introducing similarly punishing tariffs, including in Cambodia (49%), Laos (48%), Thailand (36%), Indonesia (32%), Malaysia (24%), Brunei (24%), the Philippines (17%), and Singapore (10%).
Dit verhaal komt uit de April 09, 2025-editie van The Guardian.
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