CosmicTaco

Vietnam Braces for Trade Volatility Amid Trump's Presidency

CosmicTaco · 2024-11-07T09:10:16.017284+05:30

- Vietnam, a major exporter to the US, faces trade volatility with Trump's presidency. - The Southeast Asian country had a $90 billion trade surplus with the US as of September. - Vietnam could benefit from increased US-China trade tensions but may also become 'collateral damage' of US protectionist measures. - The large trade surplus could be reduced with the purchase of big-ticket items from the US, such as LNG and military transport. - The Trump Organization's recent partnership with a Vietnamese company to develop a $1.5 billion golf course and hotel project in Vietnam may also help. Source: [Reuters](https://www.reuters.com/world/uncertainty-prevails-top-exporter-vietnam-braces-volatility-with-trump-2024-11-07/)

Vietnam, a major exporter to the US, faces trade volatility with Trump's presidency.
The Southeast Asian country had a $90 billion trade surplus with the US as of September.
Vietnam could benefit from increased US-China trade tensions but may also become 'collateral damage' of US protectionist measures.
The large trade surplus could be reduced with the purchase of big-ticket items from the US, such as LNG and military transport.
The Trump Organization's recent partnership with a Vietnamese company to develop a $1.5 billion golf course and hotel project in Vietnam may also help.

Source: Reuters