As the ongoing U.S.-China tariff battle upends global trade, Vietnam has emerged as a large beneficiary. A new EU-Vietnam deal is solidifying Hanoi's position as a global trade winner.
In fact, Trump recently upped the rhetoric on Hanoi, telling an interviewer that "Vietnam is almost the single worst — that's much smaller than China, much — but it's almost the single worst abuser of everybody."
"If Trump does begin to talk seriously about tariffs, Vietnam will not be caught off guard," he said, adding that the government there has "navigated the Trump administration quite well."While the new trade deal apparently represents a solid victory for Vietnamese exporters, it also signals that Europe is serious about diversifying its trade relationships.
Looking at the bigger picture, Southeast Asia is the EU's third-largest trading partner after the U.S. and China, so any free trade advancements in the region are significant for the bloc.Bloomberg | Getty Images
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
EU leaders settle on a new team to run the clubThe deal comes after three days of negotiations
Read more »
Big farms find easy ways around Trump trade aid limitsAn AP investigation reveals how farmers struggling under the financial strain of Trump's trade dispute with China were able to receive more than the capped payments allotted by the administration's $12 billion aid package.
Read more »
Taylor Swift Couldn’t Buy Masters Without Signing New Big Machine DealIn the wake of Sunday’s blockbuster announcement that Scooter Braun has acquired Scott Borchetta’s Big Machine Label Group — and with it the rights to Taylor Swift’s first six albums — most reports…
Read more »
Amazon’s Deal Making Threatened by D.C. ScrutinyAmazon.com has been on a buying binge in recent years, but the U.S. government’s increased scrutiny of large tech companies threatens to slow that pace.
Read more »