The greenback cooled amid reignited trade war risks

This week, both USDVND and the dollar index edged lower as President Trump threatened to impose 100% tariffs on Chinese goods, while Beijing maintained a firm stance. Recent trade talks have shown little progress, and China’s moves to tighten exports and imports of key commodities have further strained relations. Although Trump later softened his tone following market backlash, tensions between the world’s two largest economies remain unresolved. As a result, trade-related risks stay elevated, with potential for renewed volatility in global risk sentiment and emerging-market currencies such as the VND.