However, analysts warn that a prolonged trade war could produce lasting macroeconomic impacts on the country.

Vietnam has engaged in weeks of intense diplomacy with the U.S. — its largest export market — as it seeks to avert a threatened 46% tariff.

The April trade report showed imports of consumer goods slumped $33 billion, largely due to a sharp decline in inbound shipments of pharmaceutical preparations.

Demand for lithium-ion batteries, including in EVs, is bringing a new risk to the global shipping industry, particularly given the value of the vehicles on board the largest car-carrying vessels.

The manufacturing sector has been in contraction for most of the past two years.

Apart from tariff costs, the company has faced a backlash following a decision to end diversity, equity and inclusion (DEI) targets.

Chinese companies are discovering some downsides to the build-abroad strategy, including more labor-management tensions than are typical in China.

KPMG's survey respondents indicated plans to hold off on some major purchases and scale back in other areas of their lives in order to not accumulate debt.

Apple manufactures roughly 90% of its iPhones in China, but revealed plans in March to produce the vast majority of phones sold in the U.S. from India by the end of 2026.

By 2030, we will see a growing divide between companies that embraced emissions reduction as a competitive advantage and those that stalled due to short-term uncertainty.