Vietnam on track to overtake Canada as source of U.S. imports

The Globe and Mail: The gap in U.S. import share between Canada and Vietnam was already closing before Mr. Trump returned to office, but the trend has accelerated as the U.S. ramped up its pressure on China. Under the Trump 1.0 and Biden administrations, the U.S. sought to lessen its reliance on China for low-cost imports through the use of tariffs and other trade restrictions.

As such, manufacturers shifted a lot of production to Vietnam instead. Last year, Vietnam’s exports to the U.S. soared 42 per cent to US$195-billion, while U.S.-bound shipments from Canada declined 7 per cent to US$382-billion…