After Vietnam, only China and Mexico have larger US trade deficits – and the US is peeved
The United States is pressuring Vietnam to reduce its trade surplus and further open its markets to American companies. US Trade Representative Jamieson Greer conveyed this message to Vietnam's Minister of Industry and Trade Nguyen Hong Dien during a meeting in Washington, citing the significant trade deficit the US has with Vietnam.
In response, Minister Dien stated that Vietnam is considering removing trade barriers for US companies and will crack down on export fraud. Following the meeting, Vietnam announced deals between Vietnamese and US companies valued at $4.15 billion. The US trade deficit with Vietnam reached $123.5 billion in 2024, raising concerns amid President Trump's "America First" agenda, which prioritizes tariffs to address perceived unfair trade practices.
via SCMP Full Text Feed
The United States is pressuring Vietnam to reduce its trade surplus and further open its markets to American companies. US Trade Representative Jamieson Greer conveyed this message to Vietnam's Minister of Industry and Trade Nguyen Hong Dien during a meeting in Washington, citing the significant trade deficit the US has with Vietnam.
In response, Minister Dien stated that Vietnam is considering removing trade barriers for US companies and will crack down on export fraud. Following the meeting, Vietnam announced deals between Vietnamese and US companies valued at $4.15 billion. The US trade deficit with Vietnam reached $123.5 billion in 2024, raising concerns amid President Trump's "America First" agenda, which prioritizes tariffs to address perceived unfair trade practices.
via SCMP Full Text Feed
