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US Trade Stance on Vietnam Expected to Hold Steady

Businesses expect no near term US trade policy shift toward Vietnam following the midterm elections. Vietnam has recorded a massive goods surplus with the United States reaching nearly $190 billion. Trade talks continue amid ongoing concerns over tariffs and Chinese transshipments.

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FILE PHOTO: A person walks near goods at a stall at Ninh Hiep market, on the outskirts of Hanoi, classified by the U.S. Trade Representative among notorious markets for counterfeiting, despite government crackdowns and the threat of U.S. tariffs over the issue, Vietnam, May 25, 2026.

Vietnam businesses expect no near-term change in trade policy from the United States following midterm elections that weakened President Donald Trump. Negotiators continue talks to seal a bilateral trade deal despite mounting regulatory pressure. The Southeast Asian nation has overtaken China and Mexico to record the largest goods trade surplus with Washington.