BloombergIn living rooms across the world, Christmas lights this year tell a complicated tale about the US-China trade dispute that stretches all the way to Vietnam. For many years the holiday lights were produced almost solely in China, but increased US tariffs on Chinese goods pushed many buyers to source the goods elsewhere. One country that has come out a clear winner is Vietnam: Seaborne shipments of Christmas lights from Vietnam to the US more than doubled in the first 10 months of the year from the same period last year, according to US customs data. At the same time, US imports of the lights from China fell 49 percent. In May, the Trump administration slapped 25 percent tariffs on Christmas lights from China, up from 10 percent previously.

Source: Taipei Times December 26, 2019 16:03 UTC