Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification 
European Oil & Gas Stocks Face 2026 With Cautious Outlook Amid Valuation Pressure 
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai 
Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data 
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague 
Asian Currencies Steady as Markets Await Fed Rate Decision; Indian Rupee Hits New Record Low 
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
China’s Services Sector Posts Slowest Growth in Five Months as Demand Softens 
Asian Markets Stabilize as Wall Street Rebounds and Rate Concerns Ease 
Dollar Weakens Ahead of Expected Federal Reserve Rate Cut 
European Stocks Rise as Markets Await Key U.S. Inflation Data 
Vietnam's Trade Prospects Amid Trump’s Return
Vietnam's trade with the United States could face increased volatility if Donald Trump wins a second term as president, according to officials and supply chain experts. While Vietnam stands to benefit from U.S.-China trade tensions, it may also suffer "collateral damage" to Trump's protectionist policies.
Trade Surplus with the U.S.
As a major exporter to the U.S., Vietnam reported a $90 billion trade surplus with Washington by September, ranking fourth after China, the EU, and Mexico. The country has been a significant beneficiary of Trump's tariff hikes on Chinese goods during his first presidency.
Risks of Protectionism
Trump’s threat to impose a 60% tariff on Chinese imports and an additional 20% tariff on all imports could severely disrupt global trade. Vietnam’s trade surplus with the U.S. is partly due to its role as an assembly hub for Chinese-made components, occasionally leading to U.S. sanctions for illegal transshipment.
Shift in Supply Chains
While protectionism may harm Vietnam's trade, it could also drive further shifts in supply chains from China to other markets. Vietnam is expected to remain a key destination for companies relocating production, as noted by international law expert Leif Schneider.
Diplomatic and Economic Strategies
To reduce trade tensions, Vietnam may purchase high-value U.S. imports like Liquefied Natural Gas (LNG) and military equipment, along with a potential partnership involving a $1.5 billion Trump Organization project in Vietnam.
Uncertainty Ahead
Experts agree that while Vietnam's ability to attract companies leaving China remains strong, any shift in U.S. trade policy could bring both opportunities and challenges, making the actual impact of a second Trump presidency uncertain.
