The president of the United States, Donald Trumphe assured this Friday that he maintains Negotiations with Vietnam to «reduce your zero tariffs»after imposing a 46% rate this week. «I just had a very productive call with To Lam, general secretary of the Communist Party of Vietnam, who told me that Vietnam wants to reduce its zero tariffs if you manage to reach an agreement with the US. I thanked him on behalf of our country and told him that I was waiting for a meeting in the near future, «Truthsocial has published in his social network. Trump's publication occurs after The Government of the Asian country will request an extension in tariffs with the aim of renegotiating commercial relations between the two nations. «The Vietnamese government has proposed that US temporarily postpones the imposition of reciprocal tariffs to the Vietnamese products of one to three months to negotiate, «said the Vietnamese executive in a statement. These negotiations have promoted the actions of Nike, who has risen 3% on Wall Street, since Vietnam is one of its main manufacturing centers. In this way, the company recovers part of the lost in the previous sessions, since other key supply markets for the sports company such as Cambodia, Bangladesh, Indonesia or China They also saw how the US president imposed rates of 49%, 37%, 32%or 34%, respectively. And, for UBS analysts, companies may not be able to completely compensate for these tariffs, since counteracting the impact of taxes only on Vietnam It would require price increases between 10% and 12%.
Nike has already announced that it foresees a strong decrease in its gross margin this quarterpartly due to US tariffs about China and Mexico products. «Changing supply chains is not an option, since High performance footwear requires very specific factories and skills«, he says Poonam GoyalBloomberg Intelligence analyst. «I don't understand how consumer prices are not going to rise.»
