#tariffs

Vietnam is the country the US had its sixth largest trade deficit with last year and this deficit continuing to test new highs could put Fitch Group exports at risk of punitive tariffs from the US, said a research entity of Fitch Group.

The US-China trade war will force agricultural products from the world’s two most powerful economies to seek new markets which could lead to a flood of cheap products coming into Vietnam, putting considerable pressure on domestic farm produce.