China’s Pivot to Vietnam Blows Hole in Trump’s Made-in-USA Plan

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Standing in front of a tripod streaming live to TikTok, a recruiter announces yet another round of job openings at a factory behind him churning out MacBooks. This hiring surge is in a booming Vietnamese city not far from the Chinese border.

Fixing the US’s $760 billion trade deficit with Asia was a key priority when President Donald Trump unveiled sweeping global tariffs on April 2, 2025. Declaring a national emergency on “Liberation Day,” he promised to bring back ...