trading partner: Some observers believe the words hinted Trump might impose tariffs on the emerging economy, according to Global Times China. The US is an important export market for most Asia-Pacific countries including Vietnam, but the ongoing trade war had made those economies realize their excessive dependence on the US consumer market is an unsustainable way to develop their export-oriented economies. US President Donald Trump on Wednesday described Vietnam as the single worst abuser of everybody and worse even than China, according to The Guardian. Some economies in the region have sped up the process of diversifying their trade partners. Vietnam is the EU's second-largest trading partner in Southeast Asia after Singapore, which signed trade and investment agreements with the EU in October, 2018. The agreements between Vietnam and the EU are the latest examples.
(news.financializer.com). As
reported in the news.
Tagged under trading partner, trade war topics.