Shares in clothes firms and sports activities tools producers – which have a big footprint in Vietnam – rose on the information, however later declined sharply after Trump launched particulars together with the continued tariffs, which had been larger than anticipated.
Trump’s commerce adviser Peter Navarro has known as Vietnam a “colony of China”, saying that one-third of Vietnamese merchandise are in reality relabelled Chinese language items.
Beijing’s commerce ministry mentioned on Thursday it had “at all times firmly opposed” US tariffs.
“China’s place is constant,” He Yongqian, spokeswoman for China’s ministry of commerce, informed a briefing.
“We’re joyful to see all events resolve financial and commerce variations with the US by way of equal consultations, however we firmly oppose any social gathering reaching a deal on the expense of China’s pursuits,” she mentioned.
