Winners and losers: how the trade war ceasefire might affect the fortunes of China’s partners and rivals

Tensions between the United States and China have eased – for now – with the two countries’ agreement not to impose further tariffs on each other.

China is hoping the US will scrap tariffs imposed in July, but other nations and industry players are also watching closely to see how their interests might be affected by the 90-day truce.

Here is a quick look at the parties likely to be affected by the China-US trade truce.

Vietnam

When the trade war between the US and China began on July 6, some companies looked at moving production to Vietnam to escape the tariffs.

Zhang Diansheng, of the Hang Sinh Business Service Centre in Ho Chi Minh City, said he received more than 130 inquiries between the end of August and end of November.