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Capitol Report: Trump threatens Vietnam, which has been benefiting from U.S. tariffs on China

One of the critiques of the Trump administration’s tariff policy on China is that while it raises the cost of doing business in one low-cost country, it just pushes multinationals to do business in another.

Some evidence has emerged that companies have taken business elsewhere after the 25% tariffs imposed on $200 billion of Chinese goods. According to data from UBS, the first $50 billion of Chinese goods subject to the 25% tariff rate saw a 30% nosedise in exports, and the market share of Chinese exports saw the biggest decline in years.

While the Chinese market share of U.S.

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