Snapshots

U.S., Vietnam: With a Small Salvo, the U.S. Brings the Trade War to Vietnam

Jul 3, 2019 | 20:13 GMT

Over the past decade, Vietnam has become one of Southeast Asia's most vibrant emerging economies. The country's large and inexpensive labor pool, stable political environment, favorable investment policy and strong foreign relations has helped escalate Hanoi's move up the industrial value chain. The trade war between the United States and China has also so far served to Vietnam's benefit, as many companies have moved to the country to escape its fallout. U.S. unhappiness with Vietnam, however, has grown due to Washington's ongoing trade frictions with Hanoi, as evidenced by the U.S. Commerce Department's recent announcement that it would impose duties of up to 456 percent on steel from Vietnam that originated in either South Korea or Taiwan....

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