The tariffs will hack at the root of Vietnam’s export-oriented economic model. In recent years its economy has benefited from manufacturers diversifying away from China, growing by an average of 7% a year over the past decade (excluding the pandemic).
US, Vietnamese businesses ask Trump to delay 46% tariffs on Vietnam
U.S. and Vietnamese businesses have asked the Trump administration to delay its planned 46% tariff on Vietnamese goods, saying the levy will hurt them and bilateral commercial relations. The Vietnam Chamber of Commerce and Industry and the American Chamber of Commerce in Hanoi expressed concern to Commerce Secretary Howard Lutnick in a letter dated Saturday,
Vietnam Offers to Remove All Tariffs on US After Trump Action
Vietnam has offered to remove all tariffs on US imports after Donald Trump announced a 46% levy on the Southeast Asian nation, according to an April 5 letter from Vietnam’s communist party.The offer …
Lutnick on Trade With Countries Like Vietnam: ‘We Need to Stop the Ripoff’
The Trump administration’s trade strategy is aimed at recalibrating relationships with countries such as Vietnam, which exported some $137 billion in products to the U.S. last year, Commerce Secretary …
In Vietnam, Factories That Boomed in Trump’s First Term Brace for 46% Tariffs
The U.S. has become the country’s biggest customer, helped by manufacturers moving away from China. Now, its ballooning trade surplus is putting it in President Trump’s sights.
Vietnam’s Leader Urges Trump to Delay 46 Percent Tariff
In recent years Vietnam has forged strategic and economic links with the United States, its former foe, making the steep tariff rate all the more of a shock.
‘US is Vietnam’s largest export market, but there are other buyers’: PM
The U.S. is Vietnam’s largest export market but is not the only one, Prime Minister Pham Minh Chinh has said, urging businesses to tap potential buyers of other countries.
Trump Says Vietnam Wants to Cut Its Tariffs to Zero
President Trump said he had a call with Vietnam leader To Lam, and said that the latter wants to cut Vietnam’s tariffs down “to ZERO if they are able to make an agreement with the U.S.” News of the …
Global Sourcing Fair Vietnam 2025: A Promising Sourcing Hub for Businesses Targeting the Asian Market
In today’s unpredictable global trade landscape, international businesses are actively seeking stable, flexible, and cost-effective sourcing destinations. Amid shifting trade policies, increasing …
Vietnam goes from potential FDI darling to trade target in Trump’s trade storm
HO CHI MINH CITY] Vietnam’s dream of becoming a foreign direct investment (FDI) darling is at risk of unravelling, with the US having slapped a 46 per cent reciprocal levy on the country. It is the …