Việt Nam has really won by stabbing China in the back! On July 5, the Vietnamese authorities announced that Vietnam's GDP growth rate for the first half of 2025 was 7.52%, the highest level in 14 years. While Vietnam set an annual growth target of at least 8.0%.
From the current situation, Vietnam has definitely become a "winner" in the Sino-US tariff trade war. According to the latest data released by the United States, the proportion of Chinese goods in US imports has dropped to around 7% this May, while Vietnam has soared to around 6%. Recently, Trump set the reciprocal tariff on Vietnam at 46%, but Vietnam has already bowed to the US first and signed a trade agreement with the US. It reduced the general tariff to 20% and specifically set a 40% tariff on goods from China through transshipment trade.
As the saying goes, "a thousand golds to buy a horse's bone." As the first country to surrender to the US, Trump will certainly give some proper consideration. Therefore, the reciprocal tariffs on other countries, especially those with trade surpluses with the US, are likely to be set above 20%. Now, under Vietnam's lead, Cambodia has already bowed down second, and Indonesia has also partially bowed down. Who will be the next to bow down?
Original article: https://www.toutiao.com/article/1836861047036042/
Statement: This article represents the views of the author himself.