U.S. Importers Tap Vietnam At China’s Expense
Vietnam was one of the fastest-growing sources of American imports from Asia last quarter,and could potentially overtake the U.K.as a more significant supplier to the U.S.if it keeps up that pace.
Imports from the Southeast Asian economy jumped 40.2%in the first three months of 2019 from a year earlier,while orders from South Korea rose 18.4%,the latest U.S.Census Bureau data show.At the same time,American imports of Chinese goods plunged 13.9%as trade tensions heated up.