the Commerce Department said certain products produced in South Korea and Taiwan were shipped to Vietnam for minor processing before being exported to U.S. as corrosion-resistant steel products and cold-rolled steel.If you thought the world was safe from further trade-war escalation after Trump vowed to postpone slapping tariffs on $300 billion+ of Chinese goods, think again.
During an interview with Maria Bartiromo last week, President Trump accused Vietnam of being "almost the single worst abuser of everybody" and asserted that "Vietnam takes advantage of us even worse than China."
This sudden turn in Trump's rhetoric contrasted with the praise he offered Vietnam back in February for trying to reduce its trade surplus with the US. According to the Office of the Trade Rep, trade with Vietnam amounted to nearly $60 billion. Though earlier this year, the Treasury Department stopped short of accusing Vietnam of manipulating its dong (for those who are unaware, that's the name of its currency).
More @ Zero Hedge
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