Tariff Fallout: Vietnam's Plight

The article analyzes the escalating trade tensions between the United States and Vietnam under a potential second Trump administration. It argues that despite Vietnam's efforts to appease Washington, including increasing imports of US goods and offering concessions on trade practices, the Trump administration appears determined to impose punitive economic measures. The core issue revolves around the substantial trade surplus Vietnam holds with the US, a target consistently criticized by Trump. The article suggests that Trump views this surplus as evidence of unfair trade practices, echoing similar grievances leveled against China during his previous term. While Vietnam seeks negotiation and compromise, the article posits that Trump is likely to prioritize aggressive protectionist policies. The author highlights that the potential economic consequences for Vietnam could be severe, potentially impacting its export-oriented economy and overall economic growth. The article concludes that Vietnam faces a challenging and uncertain future in its trade relationship with the US, with limited leverage to prevent the imposition of significant economic penalties. find the original article here: https://www.wsws.org/en/articles/2025/04/08/czbw-a08.html