World Business Report
Vietnam seeks deal with US amid Trump's tariff threats
Apr 1, 2025
As tariffs loom large, Vietnam seeks to negotiate a beneficial deal with the U.S., aiming for economic stability. The podcast delves into how the impending tariffs might affect global markets and the limited responses available. Meanwhile, Finland experiences a boom in defense technology, influenced by the Ukraine conflict. Additionally, soaring gold prices signal good news for South Africa, linking mining stocks and economic dynamics amid global uncertainty.
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Quick takeaways
- Vietnam is proactively lowering import duties on American goods to strengthen trade relations amidst looming U.S. tariffs.
- The war in Ukraine is driving innovation in Finland's defense technology sector, fueling growth and attracting investment.
Deep dives
Vietnam's Pragmatic Approach to Trade
Vietnam has adopted a proactive stance in response to the impending new tariffs from the U.S. government, demonstrating its pragmatic nature in trade negotiations. The Vietnamese government has lowered import duties on various American products, including cars and agricultural goods, to foster goodwill with U.S. officials. In efforts to strengthen ties, high-level discussions between Vietnam's Trade Minister and U.S. partners have yielded numerous proposals aimed at enhancing trade relations. Notably, Vietnam sees the need to appease the U.S. due to its significant trade surplus, and such measures illustrate its strategy to balance potential tariff impacts.
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