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flag Vietnam surpassed China as the U.S. trade surplus partner in 2025 amid tariffs and rising exports.

flag In 2025, Vietnam surpassed China as the U.S. goods trade surplus partner in the second and third quarters, driven by record exports of $134 billion despite 20% U.S. tariffs. flag Vietnam’s January–October surplus reached $144.2 billion, exceeding its 2024 full-year total, while China’s dropped nearly in half. flag The Trump administration replaced Ambassador Marc Knapper with career diplomat Jennifer Wicks McNamara, who will focus on reducing the trade imbalance and expanding U.S. market access. flag The U.S. continues to allege Vietnam is a conduit for Chinese goods evading tariffs, though no clear criteria for transshipment have been defined. flag The Supreme Court is expected to rule on the tariffs’ legality. flag Meanwhile, Chinese exports to Vietnam rose sharply, reflecting deeper regional trade ties.

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