FOLLOW US

America December 23, 2024 4 mins read

The US Trade Deficit – Trump Negotiates

America ı By USA Herald

0 Comments

Trump Winning For America

WASHINGTON (AP) — President Donald Trump welcomed Vietnam’s prime minister to the White House Wednesday for talks focusing on the American trade deficit, while the Southeast Asian country is still shaken by Trump’s withdrawal from a regional commerce pact.

Prime Minister Nguyen Xuan Phuc is the first leader to visit the Trump White House from Southeast Asia, where the U.S. vies with China for influence. The two leaders said billions of dollars in U.S.-Vietnamese business deals were signed, but gave no details.

Their Oval Office meeting, however, was overshadowed by indications Trump will pull the United States out of a global climate agreement that commits nations to reducing carbon emissions. The World Bank has ranked Vietnam, whose population mostly lives in coastal areas and low-lying deltas, as one of five countries most likely to be affected by climate change.

Responding briefly to questions from reporters at the start of Wednesday’s meeting, Trump said he would decide on the Paris accord “very soon.”

The U.S. president is due to travel to Vietnam to attend an Asia-Pacific economic summit in November, which Phuc said would be an opportunity for the U.S. to assert its positive role in the region.

As the two leaders sat down for formal talks, which also touched on North Korea, Trump was quick to raise the trade imbalance.

“We have a major trade deficit with Vietnam, which will hopefully balance out in a short period of time. We expect to be able to do that,” Trump said. He added that Vietnam had made a “very large order” worth billions of dollars that would create jobs for the U.S.

Phuc said U.S.-Vietnam relations have “undergone significant upheaval but today we have been able to become comprehensive partners.” He said he has been impressed by Trump’s friendliness and openness and was confident bilateral cooperation would be enhanced.

A joint statement released later Wednesday said Phuc expressed interest in acquiring more defense equipment from the United States, including additional Coast Guard cutters. The two leaders also looked into the possibility of a visit to a Vietnamese port by a U.S. aircraft carrier and expanded cooperation between the two navies, it said.

The U.S. and Vietnam normalized ties in 1995, two decades after the Vietnam War’s end. Under President Barack Obama, diplomatic and security ties blossomed, as Vietnam sought ways to counter China’s island-building and vast claims to the disputed South China Sea.

But the relationship is now on uncertain ground.

Vietnam would have been a prime beneficiary of the 12-nation Trans-Pacific Partnership agreement negotiated under Obama. Within days of taking office, Trump withdrew the U.S. from the trade deal, saying it would hurt American workers.

At a dinner for Phuc late Tuesday hosted by American business leaders, U.S. Trade Representative Robert Lighthizer said the annual trade deficit with Vietnam — America’s sixth-largest — increased over the last decade to nearly $32 billion from $7 billion, presenting “new challenges” for the relationship.

Speaking at the Heritage Foundation think tank Wednesday, Phuc pushed back, saying that in trade, the U.S. and Vietnamese economies are “more complementary than competitive.” He said contracts for U.S. goods and services worth $15 billion were signed during his visit.

GE Power Chief Executive Officer Steve Bolze said Tuesday the company would sign $6 billion in agreements.

Security cooperation between the nations that were once enemies has grown because of shared concern over China’s assertive behavior in the South China Sea. The U.S. recently delivered six coastal patrol boats to Vietnam’s coast guard and a decommissioned Hamilton-class cutter.

Phuc did not address last week’s U.S. Navy’s freedom of navigation operation in the South China Sea, the first since Trump took office, but said he welcomes U.S. support for freedom of navigation and overflight, compliance with international law and peaceful resolution of disputes.

He called for U.S.-China relations that are conducive to peace and stability and the interests of smaller nations.

“In Vietnam we have a saying that when the buffalos fight the flies may be hurt,” he said.

Previous Article

Luigi Mangione Pleads Not Guilty to Murder Charges in UnitedHealthcare CEO Killing

Read More
348 Posts

USA Herald

We are The People’s Media. USA Herald covers breaking news, politics, and investigative journalism. For anonymous tips please contact Support AT usaherald.com.

Discussion

No comments yet. Be the first to join the discussion!

Don’t Miss It
America September 02, 2026
Vertiv to Acquire UIG in Deal Worth Up to $2.6 Billion
By – Tyler Brooks
America September 02, 2026
Wonderful Raises $550M Series C, Rocketing to a $5 Billion Valuation
By – Tyler Brooks
America September 2, 2026
Federal Judge Dismisses Antitrust Lawsuit Claiming…

By Samuel López | USA Herald A federal judge has…

By – Samuel Lopez
America September 2, 2026
New Jersey Takes Kalshi Sports Betting…

The Legal Stakes New Jersey wants the Supreme Court to…

By – Samuel Lopez
America September 2, 2026
Detroit Tax Preparer Pleads Guilty in…

Inside This Report More than 200 fraudulent tax returns claimed…

By – Samuel Lopez
America September 2, 2026
Newsom Weighs California E-Bike Crackdown And…

What the Bill Would Change California sidewalks would carry a…

By – Samuel Lopez
America September 2, 2026
Uber Slashes 3,300 Jobs As Sweeping…

Inside the Corporate Shake-Up Uber is eliminating approximately 3,300 positions,…

By – Samuel Lopez
America September 2, 2026
Tiger Woods Hit With Five-Year Driving…

THE LEGAL SCORECARD Tiger Woods pleaded no contest to reduced…

By – Samuel Lopez
America September 2, 2026
Tiger Woods Hit With Five-Year Driving…

THE LEGAL SCORECARD Tiger Woods pleaded no contest to reduced…

By – Samuel Lopez
America September 1, 2026
Lion King Lyricist Ordered to Pay…

A Free-Speech Precedent With Global Reach  A California federal court…

By – Samuel Lopez
America September 1, 2026
Apple Pays $150,000 After Manager Denied…

By Samuel López | USA Herald There is a particular…

By – Samuel Lopez
America September 1, 2026
California Lawmakers Torpedo Newsom’s Wildfire Liability…

By Samuel López | USA Herald SACRAMENTO — It was…

By – Samuel Lopez
America September 1, 2026
Aubrey O’Day Says Keefe D’s Tupac…

THE LEGAL RECORD Keefe D was convicted without being accused…

By – Samuel Lopez
America September 1, 2026
Dolly Parton’s Hollywood Star Defaced Days…

By Samuel López | USA Herald Hollywood Boulevard is no…

By – Samuel Lopez
America September 1, 2026
DOJ Drops Hammer On Kansas School…

By Samuel López | USA Herald The U.S. Department of…

By – Samuel Lopez
America August 29, 2026
Coffeehouse Crime Examines Tennessee ‘House of…

Coffeehouse Crime creator Adrian Stewart has revisited one of the…

By – Jackie Allen
America August 29, 2026
Teen Killer Brae Hansen Granted Parole…

A teen killer who helped plot the 2007 murder of…

By – Jackie Allen
America August 28, 2026
Florida Deploys Furry Robot Rabbits to…

Florida wildlife officials and researchers are turning to an unusual…

By – Jackie Allen
America August 28, 2026
Army Launches $2.2 Billion Nuclear Microreactor…

The Strategic Energy Docket The Army has selected five vendors…

By – Samuel Lopez
America August 27, 2026
California School Bus Chaos Erupts as…

California school bus chaos resulted when angry parents confronted a…

By – Jackie Allen
America August 28, 2026
Shanghai Ravioli Corporation Chicken Recall Hits…

Nearly 25,000 pounds of Buffalo chicken products just got flagged…

By – Rihem Akkouche
America August 28, 2026
CVS Ordered to Answer for AI-Fueled…

Case at a Glance A Manhattan federal judge has ruled…

By – Samuel Lopez
America August 28, 2026
Federal Judge Torches Pentagon’s ‘National Security’…

The Verdict, Distilled A California federal judge has ruled that…

By – Samuel Lopez
America August 28, 2026
Why the Tate Brothers’ Isolation in…

The Record at a Glance Andrew and Tristan Tate have…

By – Samuel Lopez
America August 28, 2026
Chris Hansen Considers Legal Action Against…

By Samuel López | USA Herald Chris Hansen built his…

By – Samuel Lopez
America August 28, 2026
Floyd Mayweather Launches Law Firm While…

By Samuel López | USA Herald Floyd Mayweather built an…

By – Samuel Lopez
Breaking News August 27, 2026
Sacred Horse Year Pilgrimage Turns Catastrophic…

A Disaster Unfolding in Real Time, Legal and Diplomatic Fallout…

By – Samuel Lopez
America August 27, 2026
When Your Chatbot Becomes the Star…

Legal Analysis: How AI Conversations Are Reshaping the Rules of…

By – Samuel Lopez
America August 25, 2026
Forensic Identification Breakthrough Helps Identify 9/11…

Nearly 25 years after the September 11, 2001, terrorist attacks,…

By – Jackie Allen
America August 16, 2026
Perez Hilton’s Mother Seeks Temporary Custody…

By Samuel López | USA Herald Perez Hilton’s family has…

By – Samuel Lopez
America August 13, 2026
Taylor Farms Jalapeño Recall Salmonella Scare…

A single shipment of peppers has set off a chain…

By – Rihem Akkouche
America August 12, 2026
Heat Dome Brings Dangerous Temperatures Across…

A powerful Heat dome is expanding across the United States,…

By – Jackie Allen
America August 26, 2026
Tupac Shakur Murder Trial Moves to…

The Tupac Shakur murder trial will resume Thursday in Las…

By – Jackie Allen
America August 21, 2026
World Cup Brawl Leads to Major…

EAST RUTHERFORD, N.J. — The World Cup final between Spain…

By – Jackie Allen
America August 17, 2026
Von Miller Cowboys Contract Brings Future…

Some homecomings happen quietly. This one came with a social…

By – Rihem Akkouche
America August 14, 2026
White House Denies Role in Josh…

LOS ANGELES — The White House is denying any role…

By – Michallie Harrison
America August 13, 2026
Prichard Colon Death: Once-Unbeaten Boxer Dies…

Prichard Colon never threw another punch after that October night…

By – Rihem Akkouche
America August 13, 2026
Tiger Woods and Nike: 27-Year Partnership…

Tiger Woods built one of the most lucrative athlete-brand partnerships…

By – Jackie Allen

No posts found.

No posts found.

Signup for the USA Herald
exclusive Newsletter