Just as it did with China, the US may penalise Vietnam for its growing trade surplus but there are good strategic reasons for holding back.
Click here to read the Alaco article in Asia Sentinel.
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.