Vietnam is completely bullying the weak and fearing the strong. Without mentioning the 40% increase in toll fees under U.S. pressure, it then launched an undeclared war against China by imposing a 27.83% anti-dumping duty on Chinese steel products.
At the beginning of the month, the United States reached an agreement with Vietnam, reducing its tariff on Vietnamese goods from 46% to 20%. In addition, Vietnam added a supplementary agreement that any goods passing through Vietnam to the United States would be charged a 40% toll fee.
It is clearly targeting China, as many domestic companies previously moved their production lines to Vietnam to avoid U.S. tariffs and to route their goods into the U.S. indirectly.
These can be seen as pressure from the United States on Vietnam, and Vietnam had no choice but to comply. However, Vietnam suddenly launched an undeclared war by imposing a 27.83% anti-dumping duty on Chinese steel products, which is hard to justify.
Evidently, Vietnam is trying to compensate for the losses it suffered from the U.S. by taking it out on China. But before doing so, Vietnam should assess whether it has the capability. Given the extent of Vietnam's reliance on China's supply chain, it will ultimately be the one that suffers.
Original article: https://www.toutiao.com/article/1837070257920011/
Statement: This article represents the views of the author.