Asia

HANOI: The United States has told Vietnam its trade deficit with the Southeast Asian country is “unsustainable” and a major concern, Vietnamese state media reported on Friday (May 16), as the two countries hold negotiations on tariffs. Vietnam has been holding talks with the US, its largest export market, to persuade US President Donald Trump’s administration to take a benign view of its huge trade surplus with America, after Trump in April announced a “reciprocal” tariff rate of 46 per cent on Vietnamese goods, to take effect in July.  Robert Kaproth, a senior US Treasury official, said in a Thursday…

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