Vietnam Firms Face ‘Serious Trade Risk’ From Proposed US Tariff

Vietnam Chamber of Commerce and Industry says the new USTR tariff move will “place export business community in a serious trade risk situation,” according to a statement on its website Thursday after the USTR proposed tariffs of up to 12.5% on imports from 60 ⁠countries, including ⁠Vietnam.

• As the US remains Vietnam’s largest export market, the imposition of an additional 12.5% tariff on a broad range of goods would directly affect the competitiveness and profit margins of key industries including textiles, garments, footwear, furniture, wood products, electronics, and seafood: VCCI
• “The level of systemic risk is further increased as the ...