Trade pitch turns Obama into salesman for Vietnam shoes
May 24, 2016 By Anita Kumar
HO CHI MINH CITY, VIETNAM
Each year, tens of millions of pairs of shoes made in Vietnam find
their way into stores in the United States, from Macy’s and Nike to
Target and Walmart.
And if President Barack Obama uses his first trip to Vietnam to sell a sweeping 12-nation trade pact – slashing tariffs on products imported to the United States – Americans could see even more Vietnam-made shoes in their local stores, kicking up concerns by those already uneasy about the still sluggish American economy.
Though Japan has received much of the attention, it’s actually Vietnam, with one of Southeast Asia's fastest-growing economies, that has the most to gain from the Trans Pacific Partnership. The deal would allow Vietnam’s manufacturing industry – already booming because of low labor costs – to export more products to the United States, primarily clothes, textiles and shoes.
And if President Barack Obama uses his first trip to Vietnam to sell a sweeping 12-nation trade pact – slashing tariffs on products imported to the United States – Americans could see even more Vietnam-made shoes in their local stores, kicking up concerns by those already uneasy about the still sluggish American economy.
Though Japan has received much of the attention, it’s actually Vietnam, with one of Southeast Asia's fastest-growing economies, that has the most to gain from the Trans Pacific Partnership. The deal would allow Vietnam’s manufacturing industry – already booming because of low labor costs – to export more products to the United States, primarily clothes, textiles and shoes.
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SINGING BYE BYE MISS AMERICAN PIE TOOK MY CHEVY TO THE LEVY BUT THE LEVY WAS DRY. GOOD OLE BOYS DRINKING WHISKEY AND RYE SAYING THIS'LL BE THE DAY THAT I DIE. DON MC CLEAN
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