Vietnamese Prime Minister Nguyen Xuan Phuc has warned of a possible power shortage in 2021 and asked other officials to speed up stalled power plant projects, according to the Financial Times. In late September, Vietnamese media reported on the risk of power shortage, while a series of power plant projects were behind schedule. Power shortages could be a barrier for foreign investors and challenge Vietnam’s position as one of the countries that will most benefit from the U.S.-China trade war, according to Reuters analysis.
Notice of Chinese President Xi Jinping’s visit to India is expected to be made within the next 24 to 48 hours. According to The Indian Express, Xi will visit India for an informal summit with Prime Minister Narendra Modi in the next 5 days. Experts said that in the upcoming visit to India, the Chinese side will not mention much of the long-standing tense disputes, but will instead focus on cooperation.
If a manufacturing firm has a goal to sell products in both the US and China, locating the production in China gave them an unfair economic advantage. China imposes very heavy tariffs and regulations on almost all imported goods, making access to China’s market far more costly for the production of manufactured goods outside of the country.
With the China tariff up 25%, we’re constantly being told this will hurt the consumer and that it’s why inflation is rising (up 1.5% in April from 1.4% in March accounting to the Commerce Department). The Consumer Price Index increased 0.3% last month after moving up 0.2% in March. If the trade war with China trade is so bad where is the inflation, where are the price hikes?
Nike and other companies are saying the “consumer will get hurt” with the China and Mexican tariffs, but is this really true? Bear in mind that Nike is not neutral in this fight as it has large investments in China and as a global manufacturer has strong ties to both countries.
Over the years, the Vietnam online food delivery market has been witnessing a robust growth. This can be highly attributed to changing lifestyles, increasing young population as well as various technological developments in food industry.
- Markets anticipate a trade deal is coming and the truce will be extended. All sides want a settlement so we believe it will be achieved. Mnuchin and Lighthizer are set to meet their Beijing counterparts on Thursday with the goal of hashing out a deal ahead of a March 1 deadline when U.S. tariffs against China are set to increase to 25 percent from 10 percent on $200 billion worth of Chinese goods.