Source: Foundation for Econic Education
by Jake Scott
“Global trade patterns are continuing to shift, and increasingly Eastward. As Gulf nations diversify and broaden their highly oil-dependent economies, ASEAN nations seem to be deepening theirs, focusing more on what they are good at while pursuing stability alongside. In this vein, Vietnam and the United States are now closing in on what may become one of the most strategically important bilateral trade agreements either has attempted in decades. … Two features of the emerging agreement stand out as especially consequential. The first is the pursuit of structured reciprocity, a model far more formal (and couched in the language favored by President Trump) than previous phases of US–Vietnam engagement. … The second is the macro-financial consultation mechanism.” (11/18/25)
https://fee.org/articles/vietnam-and-the-us-at-the-negotiating-table/