Vietnam Facing Power Shortage— Looking for Alternatives

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.

Chinese President Xi to Visit India— Kashmir Not on Agenda

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.

Nike Claims the “Consumer Gets Hurt” in a Trade War with China. True or False?

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.

China, US Trade and the Economic Effects