Vietnam Goes From Trade War Winner to Trump Target
- Americans are buying solar panels from Vietnam like never before, but local manufacturer IREX Energy JSC isn’t celebrating. After U.S. President Donald Trump slapped higher tariffs on China, production in neighboring Vietnam went into overdrive. Chinese manufacturers, who face a 55% U.S. tariff on their goods, relocated some production to Vietnam, while local businesses saw a jump in orders. In June alone, U.S. imports of solar cells from Vietnam surged 656% from a year ago. That trade boom in everything from Ikea furniture to Nike Inc. ...
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