Vietnam's Us Exports Account for 30% of Gdp, Making It Highly Vulnerable to Tariffs
Vietnam's goods exports to the United States accounted for 30% of its gross domestic product last year, making the country highly vulnerable to reciprocal tariffs. The nation's reliance on U.S. trade has been fueled by a surge in foreign investment after the first Trump administration started a trade war with Beijing in 2018. Vietnam now directs 29% of its exports to the United States, with shipments worth $142.4 billion.
- This high level of exposure raises questions about Vietnam's ability to navigate potential disruptions to global supply chains and negotiate favorable trade agreements.
- How will Vietnam's unique blend of communist rule and market-oriented policies impact its relationships with key trading partners like the United States in the face of rising tensions over tariffs and trade?