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.

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.

The more President Donald Trump threatens tariffs on the United States’ trading partners, the more the worry of another inflation wave troubles global economists. Stubborn consumer-price growth was bothering much of the world even before he entered the White House.