Labourers work at the Maxport export garment factory in Hanoi, Vietnam March 20, 2019. (Reuters file photo)SINGAPORE: Vietnam is by far the biggest winner from the US-China trade war so far as importers look to divert their orders to bypass higher tariffs. Both economies gained far more from US tariffs on China than from Chinese duties on the US. American and Chinese orders for more than half of the 1,981 tariffed products in the US-China trade dispute thus far have been re-routed, upending the winners and losers in the global supply chain, the analysis shows. US tariffs on China have prompted import substitution primarily in electronic products, followed by furniture and travel goods.

Source: Bangkok Post June 04, 2019 03:33 UTC