Fred Burke, lawyer and senior advisor at American law firm Baker McKenzie in Vietnam, has warned Vietnamese enterprises to avoid being assessed as intermediaries for Chinese exports as calculated protection once Donald Trump takes office. Burke spoke with Tuoi Tre (Youth) newspaper, agreeing with other experts who were evaluating the future of Vietnam’s trade relations with the U.S. on Wednesday. However, as Donald Trump has won the presidency, he will lead potentially big changes in U.S. trading policies, including new tax schemes. Hanoi's efforts will help deal with important issues, including Washington's denial of Vietnam’s market economy status and the missing bilateral tax agreement between the sides. On Wednesday, U.S. media predicted that Republican Donald Trump claimed victory in the 2024 presidential election after defeating Democrat Kamala Harris.

Source: Tuoitre News November 08, 2024 14:43 UTC