Why the US-Canada trade war matters for Asia, especially Vietnam

The Trump administration on Aug 23 warned that Canada would be "foolish" to think it could win a trade war with the United States, predicting a "devastating" impact on its northern neighbour. Negotiations between Washington and Ottawa broke down late on Friday, putting into force new 50 per cent US tariffs impacting about US$20 billion worth of Canadian goods, or 5.5 per cent of Canadian exports to the US. Trade policy analyst Deborah Elms from the Hinrich Foundation tells CNA’s Asia First why Asian economies will be watching the US-Canada dispute closely. She says the outcome could shape how countries in the region approach their own trade negotiations with Washington, with Vietnam potentially among the most exposed. Read more: https://cna.asia/4xZr99L Subscribe to our channel here: https://cna.asia/youtubesub Visit our website: https://cna.asia Download our app: https://cna.asia/app Get our editors' picks of stories via chat apps: Telegram: https://cna.asia/telegram WhatsApp: https://cna.asia/whatsapp Follow us on these platforms: https://www.facebook.com/channelnewsasia https://www.instagram.com/channelnewsasia https://www.tiktok.com/@channelnewsasia