The Sino-American trade war is escalating in unpredictable ways. Contrary to some analyses, its impacts on Vietnam are arguably beneficial. A vulnerable economy such as Vietnam’s is unlikely to benefit from this global war.

Lawmakers urged the Government to devise plans to deal with the possible ramifications of the escalating US-Iran tensions and US-China trade war and the influx of foreign direct investment into Vietnam.

 US President Donald Trump and Chinese leader Xi Jinping could meet later this month to end the year-long trade war between the two countries.

Seafood and footwear products with high export turnover have faced trade barriers over the years but exports with small turnover are also facing lawsuits as protectionist trends rise.

 The US-China trade war is escalating sharply. In the most recent move, the US imposed a 10 per cent tariff starting from Monday on US$200 billion of Chinese imports. These tariffs will then rise to 25 per cent on January 1.

 VietNamNet Bridge – The US-China trade war is escalating sharply. In the most recent move, the US imposed a 10 per cent tariff starting from Monday on US$200 billion of Chinese imports. 

Following a prosperous 2017, Vietnam’s economy has been growing well despite the uncertainties of the global economy. However, problems are still ahead, especially those rising from the China-US trade war.