As the United States intensifies efforts to reduce trade with China by hiking tariffs, it has greatly boosted imports from Vietnam, which relies on Chinese input for much of its exports, data show. The surge in the China-Vietnam-U.S. trade has vastly widened trade imbalances, with the Southeast Asian country last year posting a surplus with Washington close to $105 billion - 2.5 times bigger than in 2018 when the Trump administration first put heavy tariffs on Chinese goods. Vietnam now has the fourth-highest trade surplus with the United States, lower only than China, Mexico and the European Union.
As the United States
intensifies efforts to reduce trade with China by hiking
tariffs, it has greatly boosted imports from Vietnam, which
relies on Chinese input for much of its exports, data show. . -May 16, 2024 at 01:12 am EDT
- MarketScreener
Analysis-As US hikes China tariffs, imports soar from China-reliant Vietnam By Reuters investing.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investing.com Daily Mail and Mail on Sunday newspapers.
Analysis-As US Hikes China Tariffs, Imports Soar From China-Reliant Vietnam usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
As US Hikes China Tariffs, Vietnam Imports Soar newsmax.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newsmax.com Daily Mail and Mail on Sunday newspapers.