> Chinese business in Vietnam struggles with Trump tariffs uncertainty / 438849E
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Chinese business in Vietnam struggles with Trump tariffs uncertainty / 438849E
Clip ID 2488941
Creator AFP
Clearance
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Description
A year ago Zhang Chundong helped the firm he manages expand into Vietnam, part of a wave of Chinese businesses to choose the booming manufacturing hub since the trade war of US President Donald Trump's first term.
Now the company -- a distributor of forklifts made by China's BYD -- is struggling to achieve the fast growth it expected as factory projects stall. Huochacha New Energy Group is one of several Chinese businesses that AFP interviewed who say investors are hesitant and anxiety widespread as Vietnam waits to see if an enormous 46 percent tariff threatened by Trump this month will materialise. IMAGES AND SOUNDBITES ARRANGED IN SEQUENCES