The Trump administration has presented Vietnam with a a “long” list of “tough” demands in tariff negotiations, including measures that could compel Vietnam to reduce its dependence on Chinese industrial goods imports, according to two sources familiar with the discussions, as reported by Reuters. Reuters:
In 2016, Apple had 18 production facilities in Vietnam, ranking fourth in Southeast Asia behind Malaysia (23), Thailand (19), and the Philippines (19). By 2022, this number increased to 27 facilities, making Vietnam the second-largest hub for Apple suppliers in the region, behind Thailand (28). As of April 2024, Apple’s supplier count in Vietnam grew from 27 to 35, establishing Vietnam as Apple’s largest manufacturing base in Southeast Asia and the fourth-largest globally. Foxconn, Apple’s primary assembler, has invested heavily in the country, including a $300 million expansion in 2022 and a total of $4 billion across five localities, employing around 80,000 workers. Vietnam has transitioned from producing simpler products like AirPods (started in 2020) to more complex devices like iPads and MacBooks. By 2023, Apple began manufacturing MacBooks in Vietnam, with production scaling up significantly. Vietnam now produces a significant portion of Apple’s products, including iPads, MacBooks, Mac minis, HomePods, Apple Watches, and AirPods. By the end of 2025, Vietnam is expected to account for: • 20% of global iPad production Support MacDailyNews at no extra cost to you by using this link to shop at Amazon. The post Trump admin sent ‘long list’ of ‘tough’ demands to Vietnam in trade talks appeared first on MacDailyNews. You're currently a free subscriber to MacDailyNews. For the full experience, upgrade your subscription. |
Tuesday, June 3, 2025
Trump admin sent ‘long list’ of ‘tough’ demands to Vietnam in trade talks
Subscribe to:
Post Comments (Atom)
Nvidia primed to become the world’s most valuable company ever
In Thursday trading, Nvidia is poised to become the most valuable company ever, with its market cap hitting $3.92 trillion, fueled by Wall S...
-
Substack is covering the cost of your first paid month of MacDailyNews by MacDailyNews. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ...
-
We are currently about 1/8th of the way to being sustainable… ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏...
-
Kevin C. Tofel posted: " We haven't even hit the halfway mark of the week and I'm already sighing. Yesterday, I wro...
No comments:
Post a Comment