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Trade war

Vietnam's 36% export surge to US draws scrutiny and tariffs

Southeast Asia country's status as trade war 'winner' looks to be short-lived

Vietnam's Port of Haiphong: The country's exports to the U.S. have surged 40% this year through May.   © Reuters

NEW YORK -- Vietnam has benefited from U.S. trade actions against other Asian countries, but this blessing is quickly turning into a curse as the nation's rising economic status draws increasing scrutiny from the tariff-hungry Trump administration.

U.S. trade data released Wednesday shows American imports from Vietnam topped $25 billion in the first five months of 2019, a 36% surge on the year, compared with only a single-digit increase in that period of 2018.

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