Vietnam reciprocal tariffs reflect trade deficit and ties to China
The threat of rising tariff rates on U.S. imports could hobble the economic trajectory of countries such as Vietnam. Foreign direct investment in Vietnam has increased in recent years as firms search for ways to manage risks stemming from production in China. Vietnam has received approximately $18.5 billion in net foreign direct investment, according to World Bank […]
Bloomberg New Economy: Indonesia Shows How to Handle the US-China Standoff
Indonesia, the largest economy in Southeast Asia and the world’s fourth most populous nation, hasn’t always had a close relationship with China. In the 1960s, Jakarta accused Beijing of supporting an alleged Communist coup attempt, and diplomatic ties were only re-established in 1990. When China’s then-Premier Li Peng sought to reset the relationship, he said […]