Can Vietnam visit from new imports in the US?

Countries around the world are attracted to the so -called “Liberation Day in America !!!” Next week.

US President’s deadline for mutual tariffs will come a few days after he struck foreign manufacturers 25% of taxes on imports.

Vietnam may be particularly vulnerable to Trump’s last salv. It has a large trading deficit from the US and was a beneficiary firms coming out of China to avoid the measures announced during its first term.

While some countries have returned to Washington, Vietnam Prime Minister, Fam Ming Chin suggested that he could take a more diplomatic approach.

Speaking in January, he said he was ready to visit the Trump Mar-Lago House in Florida and “Golf all day” if it “benefits” his country, laughing in the room.

Would it work?

Earlier, Trump said Vietnam was “worse than China” and “almost the worst rapist.”

But he has not yet specifically sent to Vietnam with tariffs, although he has a third largest trade deficit from the United States, after China and Mexico.

Analysts say Vietnam works well with Washington – but his efforts will still not be enough to avoid most Trump tariffs.

“The Prime Minister in Vietnam seems to be the page from the book (former Japanese Prime Minister) Shinzo both, which created close personal relationships with Trump over their common love for golf,” said Stephen Olson, a former US trade negotiator.

“However, I would not expect that it is not in terms of politics. Personal relationships are important for Trump, but in this case I believe that his desire to become tough in trade will win.”

Vietnam said he does not plan to “limit trade” from the US, although he is currently taxed from there.

This week, the government said it will allow Spacex, owned by Elan Musk Elon Mask, to manage its Starlink satellite service in a test basis.

Some analysts see this as one of the measures that Vietnam has taken to avoid blows with tariffs on us.

Hanoi also said he would reduce tariffs for several importers in the US, including energy and vehicles aimed at “improving trading residues”.

It came less than two weeks after Vietnamese and US companies signed more than $ 4 billion (£ 5.4 billion) in areas, including oil and gas exploration.

Steve Norris, with the risks of the consultation, said that “Vietnam cautiously avoids any steps that signal any non -working trading problems.”

This strategy corresponds to its foreign policy approach – known as “bamboo diplomacy”. Like the shoots of plants that stagger from the wind, Vietnam hopes to adapt to foreign pressure.

“If the United States had increased pressure on Vietnam, the government could respond with offers to alleviate the investment and casino industry, make advanced purchases of machines and – fix the moment – consider access to the rare minerals of Vietnam,” said Mr. Norris.

One of the great factors working against Vietnam is the concern of China’s influence.

Vietnam was one of the largest beneficiaries of the US tensions during Trump’s first term.

In 2018, he got to China with tariffs, causing some businesses to rethink where they made their products. Some decided to translate the production in Vietnam.

This led to an increase in Vietnam’s exports to the US, with Chinese companies that moved production there, which contributed to the figure.

Former US Trade Negotiator Wendy Katler said Vietnam became a “destination point for major Chinese investments”.

While the US remains the largest export market in Vietnam, China is its largest supplier of goods, which is more than a third of imports, according to recent official data.

Chinese firms also lagged behind almost every three new investment in Vietnam last year.

“These are huge red flags for Trump. My expectation is that Vietnam will at some point be hit hard by tariffs,” Mr. Olson said.

However, Vietnam tariffs may affect US companies such as Apple and Intel technology companies, and Nike sportswear that moved production lines from China to Vietnam.

A recent poll of the US Chamber of Commerce in Vietnam has shown that most US manufacturers are expecting to postpone employees when tariffs are imposed.

The US president believes that fees will increase its country’s economy by encouraging more businesses to earn goods in the US and bring billions of taxes.

But many economists warn that this can raise prices for US consumers and have a negative impact on world trade.

Washington is also concerned about the so-called “transport” products that pass through Vietnam on the way to other countries.

US officials “calmly emphasize Vietnam that it should reduce the trade surplus over time and fight the movement of Chinese goods through the country,” said Mr. Norris.

The Prime Minister of Vietnam said he was convinced that his administration could “cope with relations with the United States.”

Now that the Southeast Asia nation has reduced some tariffs for US goods, they can be more attractive to Vietnamese consumers, increasing the share of trade in America with the country.

And then there is a golf – playing the game with Trump, worked in the late Japanese leader Shinzo.

Both and Trump set a membership that included a lot of golf for several years. Friendship apparently helped both at the time in the Japanese edition for the Japanese industry.

It is unclear whether Vietnam will give a golf diplomacy.

The real test will come next week when a new Trump’s tax slate will come.