Vietnam orders airlines to speed up major U.S. jet deals
The Vietnamese government has ordered major carriers to expedite multibillion-dollar agreements with Boeing and Pratt & Whitney to strengthen its position in trade talks with Washington. The move follows several U.S. probes into trade practices as the bilateral trade deficit reached 54.8 billion dollars.
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Vietnam ordered its major airlines to accelerate multibillion-dollar aircraft and engine deals with the United States to mitigate rising trade tensions. The directive follows three separate U.S. probes into Vietnamese trade practices and a $54.8B trade deficit recorded in the first three months of the year. These orders serve as a primary diplomatic lever for Hanoi to avoid potential U.S. trade sanctions.
