As the US-China trade war escalates, one of the biggest regional beneficiaries, Vietnam, risks suffering collateral damage, as Hanoi’s soaring trade surplus puts it in President Trump’s crosshairs. Washington has already imposed heavy tariffs on Vietnam and suspects it of currency manipulation. There are signs that further penalties may be imposed unless Hanoi reduces its surplus.
US Should go Easy on Vietnam
US Should go Easy on Vietnam
US Should go Easy on Vietnam
As the US-China trade war escalates, one of the biggest regional beneficiaries, Vietnam, risks suffering collateral damage, as Hanoi’s soaring trade surplus puts it in President Trump’s crosshairs. Washington has already imposed heavy tariffs on Vietnam and suspects it of currency manipulation. There are signs that further penalties may be imposed unless Hanoi reduces its surplus.