Vietnam Sees Trump Tariffs Cutting Up to a Third of US Exports

Vietnam estimates its exports to the US could decline by as much as a third if higher tariffs announced by President Donald Trump take effect, an internal government assessment shows.

Tariffs of 20% to 40% would slash export revenue by up to $37 billion, and hit the majority of Vietnam’s key industries, including electronics, machinery, garments, footwear and furniture, according to a document prepared for Prime Minister Pham Minh Chinh‘s advisory council and seen by Bloomberg News.

That figure assumes that firms in Vietnam would bear the full cost of the tariffs, according to a person familiar with the ...