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Vietnam surpassed China as the U.S. trade surplus partner in 2025 amid tariffs and rising exports.
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.
Vietnam’s January–October surplus reached $144.2 billion, exceeding its 2024 full-year total, while China’s dropped nearly in half.
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.
The U.S. continues to allege Vietnam is a conduit for Chinese goods evading tariffs, though no clear criteria for transshipment have been defined.
The Supreme Court is expected to rule on the tariffs’ legality.
Meanwhile, Chinese exports to Vietnam rose sharply, reflecting deeper regional trade ties.
Vietnam superó a China como socio de superávit comercial de los Estados Unidos en 2025 en medio de aranceles y crecientes exportaciones.