Regarding Vietnam, I was thinking. Last time around during Trump1, it is said that some tariffs were avoided by first exporting from China to other Asian countries (such as Vietnam) so that then the latter could sell to the US tariff free or with reduced ones.
Two questions regarding this:
Do you reckon this was true? I might've read some misleading sources.
If true, do you think this could affect your Vietnam thesis, or it is not driven by US dynamics in any significant way?
I definitely think that some Chinese exports were re-routed to other Asian countries to avoid US tariffs. Something similar is happening with European exports to Russia right now, which are re-routed to other countries first to avoid sanctions.
My Vietnam idea (which I am not currently in) is mainly driven by China doing better economically. If the Chinese economy is doing better, the Vietnamese economy (and hopefully the Vietnamese stock market) will also do better.
Dear Mr. Repo,
Thank you once again for a great one!
Regarding Vietnam, I was thinking. Last time around during Trump1, it is said that some tariffs were avoided by first exporting from China to other Asian countries (such as Vietnam) so that then the latter could sell to the US tariff free or with reduced ones.
Two questions regarding this:
Do you reckon this was true? I might've read some misleading sources.
If true, do you think this could affect your Vietnam thesis, or it is not driven by US dynamics in any significant way?
Thank you!
Best,
Valentino
Hey, thank you!
I definitely think that some Chinese exports were re-routed to other Asian countries to avoid US tariffs. Something similar is happening with European exports to Russia right now, which are re-routed to other countries first to avoid sanctions.
My Vietnam idea (which I am not currently in) is mainly driven by China doing better economically. If the Chinese economy is doing better, the Vietnamese economy (and hopefully the Vietnamese stock market) will also do better.