World Perspectives

Vietnam FTA; Debt versus Efficiency; Gallows Humor

Vietnam FTA USDA’s Foreign Agricultural Service notes that the U.S. is the largest trading partner with Vietnam that lacks a free trade agreement. The result is that U.S. farm product exporters continue to lose market share, especially in higher valued goods. At the same time, Vietnam’s food imports are rising. The EU is implementing an FTA with Vietnam and will likely cause larger losses for U.S. suppliers. It is a little awkward since Washington just categorized Vietnam as a non-market economy, but it is U.S. domestic politics that precludes negotiating an FTA with Hanoi.   Debt versus Efficiency Neither Kamala Harris or Donald Trump are talking about the U.S. national debt despite its threat to the dollar and the...

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