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Americans Snap Up Imports From Vietnam at China’s Expense

  • U.S. orders from Vietnam surged 40% in first quarter
  • Nation will overtake U.K., Italy, France at that pace

Vietnam was one of the fastest-growing sources of American imports from Asia last quarter, and could potentially overtake the U.K. as a bigger supplier to the U.S. if it keeps up that pace.

Imports from the Southeast Asian economy jumped 40.2% in the first three months of 2019 from a year earlier, while orders from South Korea rose 18.4%, latest U.S. Census Bureau data show. At the same time, American imports of Chinese goods plunged 13.9% as trade tensions heated up.