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.@SecScottBessent made the point in our interview that Vietnamese suppliers will pay the tariffs to preserve or grow their market share, so it doesn’t have to hit U.S. company margins or U.S. consumer prices
3.7. klo 03.09
I’m not sure our apparel and footwear industry would think this is a massive win….
Retailers already pay 18% and 13% tariffs on product they make in Vietnam and bring here … plus another 20%.
Equals 30% or more in tariffs
It’s not just Vietnam that pays that. It’s American retail.
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