Transparency critical to seize opportunities
The US-China trade war is escalating sharply. In the most recent move, the US imposed a 10 per cent tariff starting from Monday on US$200 billion of Chinese imports. These tariffs will then rise to 25 per cent on January 1. In retaliation, China has decided to impose taxes on about $60 billion worth imports from the US together with the publication of a white paper about US trade frictions. For Việt Nam, the trade war will bring opportunities and risks. Việt Nam News reporter Mai Linh talks with industry associations about possible impacts of a trade war between the world’s two largest economies on their industries.