The US has launched two trade probes against Vietnam for the use of timber that has been allegedly illegally harvested or traded, and currency manipulation. Photo: AFP
The US has launched two trade probes against Vietnam for the use of timber that has been allegedly illegally harvested or traded, and currency manipulation. Photo: AFP
Vietnam

US trade deficit with Vietnam balloons to record high, as Trump administration launches currency probe

  • Vietnam’s trade surplus with the US reached record levels in August as firms moved supply chains from China to avoid trade war tariffs
  • Data comes just days after Washington announced a probe into alleged currency manipulation by Vietnam, which could result in import tariffs

The US has launched two trade probes against Vietnam for the use of timber that has been allegedly illegally harvested or traded, and currency manipulation. Photo: AFP
The US has launched two trade probes against Vietnam for the use of timber that has been allegedly illegally harvested or traded, and currency manipulation. Photo: AFP
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