Vietnam Has the Biggest Trade Surplus with the U.S.

“A year after President Trump set out to rewire global trade in America’s favor, the biggest winner has turned out to be Vietnam,” the Wall Street Journal reports.

“For the first half of this year, federal data shows Vietnam’s trade surplus with the U.S. hit $114 billion, ahead of semiconductor hub, Taiwan, Mexico, and even China.”

“It is an unexpected outcome for an economy a quarter the size of Mexico’s, and the result of years of reconciliation after the Vietnam War and turbocharged capitalist development in the Communist nation. But some of the biggest boosts to Vietnamese exports to the U.S. have come from Trump’s global tariff war.”