Trump advisors argue steep tariffs on countries like Vietnam and Cambodia are needed to erase trade deficits and rework supply chains. The economics say that’s going to be a long shot

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Trump advisors argue steep tariffs on countries like Vietnam and Cambodia are needed to erase trade deficits and rework supply chains. The economics say that’s going to be a long shot - Fortune

Quick Summary:

Despite promises made by Southeast Asia governments, consumers in the region may not be able to afford American-made products.

Trade advisor Peter Navarro has accused Vietnam of “non-tariff cheating,” pointing to the country’s value-added tax and its use by Chinese manufacturers to evade U.S.tariffs.

That means Trump’s tariffs have nothing to do with what barriers Vietnam or Cambodia imposed on the U.S.