U.S. Tariffs Hit Adyen Revenue, Weigh on Global Trade

Vietnam is positioned to become a new manufacturing hub in Asia due to its geostrategic location, trade agreements, and stable environment, especially as U.S. tariffs reshape the global supply chain and prompt companies to shift production away from China. The U.S. tariffs, part of an ongoing 'America First' policy under President Donald Trump, impose significant tax rates on goods from Vietnam and other countries, intensifying trade tensions but creating opportunities for Vietnam to attract high-quality foreign investment. Meanwhile, Dutch payment company Adyen has lowered its 2025 revenue forecast, citing negative impacts from U.S. tariffs, particularly the removal of the 'de minimis' exemption affecting Chinese sellers, which is hurting client growth and market volume. Adyen's CEO highlighted efforts to reduce exposure to the U.S. market by routing transactions from China to non-U.S. consumers, viewing tariffs as a challenge that necessitates strategic adjustments. Experts like Iain Begg of the LSE warn that U.S.-driven tariff policies are disrupting global trade and investment, with countries reluctantly complying despite viewing the tariffs as harmful. These developments underscore the broad economic ripple effects of U.S. trade policies on global markets and supply chains.