Donald Trump’s returning to the White House brings with it the high possibility of renewed taxes, a basis of his” America First” plan.
While his critics see isolationism, others see an opportunity—an extreme method to balance global trade and defend American manufacturing. Trump’s taxes, however, are likely to have a far-reaching impact beyond US borders, opening up new opportunities for nations that are ready to step up and fill the void.
For , Vietnam,  , India,  , Mexico,  , Malaysia and , Thailand, Trump’s method could be a game-changer. As businesses intensify diversification efforts and change supply chains away from China, these countries stand to gain from the world realignment that may result from fresh tariffs.
These nations was experience unprecedented financial transformation if Trump builds on his earlier successes with a more sophisticated technique.
1. Vietnam: Trade battle success
Some countries capitalized on Trump’s 2018-19 trade war with China as efficiently as Vietnam. As American levies hit Chinese goods, companies scrambled to travel production, and Vietnam immediately became a major target. Its low labor costs, corporate closeness to China, and robust US trade agreements made it a good choice.
If Trump reinstates taxes, Vietnam could once again draw companies who want to avoid China’s higher costs. From technology to fabric, its import basic is well-prepared to meet British demand. Trump’s demonstrated willingness to negotiate individual business agreements may strengthen Vietnam’s standing as a preferred partner.
2. India: a proper alliance
Trump’s second term saw a strengthening of US-India relationships, driven by a shared need to counter China. His leadership improved trade and established security partnerships, giving India a significant role as a regional ally.
India’s growing producing center and focus on self-reliance—championed through its” Make in India” initiative—align completely with Trump’s focus on reducing US dependency on China. Trump’s support for bilateral agreements might help India stable trade agreements that support its emerging industries, such as medicine and electronics.
Under Trump, India may grow not just financially but carefully, more merging into US-led efforts to ensure a free and open Indo-Pacific.
3. Mexico: the descriptions superstar
Mexico was one of the biggest beneficiaries of Trump’s first-term taxes. His renewal of NAFTA into the USMCA boosted American firms ‘ ability to link their supply chains more closely while providing a stable platform for business. Mexico’s geographical closeness and cost-competitive work marketplace gave it a healthy advantage.
If Trump renews tariffs on Chinese imports, Mexico’s part as a descriptions hotspot will only increase. With streamlined logistics and lower travel costs, industries like electrical manufacturing and customer goods are likely to grow even further.
Trump’s border laws, though provocative, are unlikely to outweigh the monetary dependence between the US and Mexico.
4. Malaysia: a high-tech lover
Malaysia is truly positioned to benefit from Trump’s focus on cutting-edge business. It is a significant player in the global technical supply chain because of its expertise in manufacturing electronics and technology.
Malaysia became a focal point for businesses looking to reduce their reliance on Chinese manufacturers in delicate business both during Trump’s second word and as Biden did thereafter. If Trump reinstates taxes on Chinese tech materials, Malaysia’s advanced manufacturing industry may see a surge in demand.
Trump’s administration had more incentivize US expense in Malaysia, solidifying it as a trusted companion.
5. Thailand: the dynamic candidate
Thailand is a good winner thanks to its varied economy and robust manufacturing base. Its advantages in automotive manufacturing, technology, and agricultural exports fit well with US business needs.
Thailand benefited directly from the trade war as businesses looked for alternatives to China during Trump’s second term. A second round of tariffs may enhance its role in supply ring growth, particularly if Trump pursues diplomatic trade agreements. Thailand’s ability to balance relationships with both the US and China may be important in maximizing these options.
Why Trump’s strategy may work
Trump’s reviewers often paint his business plans as problematic, but the information suggests they have spurred long-term adjustments that benefit international business dynamics. Trump accelerated shifts that are now required for economic resilience by requiring a reevaluation of China’s centrality in supply chains.
For countries like Vietnam, India and Mexico, Trump’s unapologetic focus on tariffs created openings that might never have emerged under more conventional leadership. His potential return gives these countries a chance to strengthen ties with the US, draw investment, and secure a larger share of global trade.
The balancing act
Of course, the risks remain. Trump’s transactional style and steadfast pursuit of success may rekindle tensions, especially if tariff disputes or trade imbalances arise. But these five countries have shown they can adapt to volatility, leveraging Trump’s bold moves to their advantage.
If Trump learns from the lessons of his first term, refining his strategy to focus on sustained partnerships, his return could usher in a new era of economic collaboration. For Vietnam, India, Mexico, Malaysia and Thailand, the opportunity is immense.
As Trump reshapes global trade, these nations are well-positioned to rise alongside America’s renewed economic ambitions.
Kurt Davis Jr., a Council on Foreign Relations member, is a Millennium Fellow at the Atlantic Council. He is also an advisor to private, public and state-owned , companies and their boards as well as creditors across the globe on a range of transactions.