Vietnam looks for a plan B as tariff threat looms | FT #shorts

US President Donald Trump's trade policies and escalating tensions between the US and China have underscored the vulnerability of Vietnam's economy. Hanoi's recent economic success has been driven primarily by exports to the US and surging investments from companies fleeing China. However, its China plus one success has backfired as Trump takes issue with trading partners with large surpluses with the US.Vietnam has the third largest surplus after China and Mexico, and it was hit with a 46% tariff rate on T ...