Vietnam's trade surplus with the U.S. soared to a record high last year, U.S. data released on Wednesday showed, potentially complicating Hanoi's efforts to stave off trade tariffs from the new Trump administration.

President Donald Trump's mission to close the U.S. trade deficit met a greater challenge as America's trade deficit in goods soared to a record $1.2 trillion in 2024.

The US trade gap swelled last year to its second-largest on record, government data showed Wednesday, as deficits come under the spotlight with President Donald Trump's return to the White House. The trade deficit in goods also reached a new record for the year,

Vietnam’s trade surplus with the US widened to $123.5 billion last year, making the manufacturing powerhouse a potential prime target for President Donald Trump’s tariffs.