APEC Action Needed to Match Trump-Compliant Words After Vietnam Follows China — Panjiva
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APEC Action Needed to Match Trump-Compliant Words After Vietnam Follows China

China 3048 Global 1391 Trade Deals 1017 U.S. 5399 Vietnam 412

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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