President Trump’s meeting with Vietnamese Prime Minister Nguyen saw the President repeat his administration’s trade-deficit centric approach to policy in wanting to “get rid of the trading imbalance”. As was the case in China though there were corporate deal signings, but no movement on a bilateral trade deal. The U.S. trade deficit with Vietnam has climbed 20% annually for the past five years, and has peaked in September at an annualized $38 billion. The APEC summit – hosted by Vietnam – had a closing statement that included references to addressing “unfair” trade practices, echoing the...
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