179 days ago • Posted by William Ramstein

Vietnam trade surplus with US

Both Vietnam and Switzerland had foreign exchange market interventions and global current account surpluses exceeding 2% of gross domestic product (GDP), and a $20 billion-plus trade surplus with the United States. USA says there will be consequences with upcoming tariffs on Vietnam. See graph below increasing trends of Vietnamese exports to the US. This is especially meaningful considering the US has sought new trading partners in Vietnam to make up for lost ground with Chinese trading partners. Balance surplus for Vietnam will be taxed by US tariffs. Source: Reuters

Vietnam trade surplus

 

#Forex #Macro
VIETNAM TRADE SURPLUS USA TARIFFS
bg_nwsletter