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Trade

Vietnam shows limits of Trump's 'Buy American' rhetoric

Bid to reshore jobs hits wall as companies seek diverse supply chains

HO CHI MINH CITY/NEW YORK -- As Vietnam enjoys an export boom due to more and more companies leaving China, Hanoi can in part thank a helping hand from an unlikely place: Washington.

Examples of this are abundant. This year two Vietnamese companies supplied machine parts to a Canadian manufacturer, while a slew of textile companies exported personal protective equipment to the U.S., Spain, Ghana and Japan. What they have in common is that all of the companies received backing -- in one form or another -- from the U.S. government.

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