The Donald Trump administration has paused reciprocal tariffs for 90 days. Still, this move does not alter the U.S. objective of narrowing its trade deficits with other trade partners worldwide. For countries with large trade surpluses with the U.S. like Vietnam, the tariffs will limit the flexibility of future monetary policy decisions. A rapidly changing landscape On April 2, 2025, President Donald Trump announced sweeping reciprocal tariffs on imports from most of America’s trading partners. The policy involves two phases: a baseline 10% tariff on all countries starting April 5, 2025, followed by additional tariffs based on the trade surplus ratio, effective April 9, 2025. Vietnam is among the countries facing extremely high tariffs, with a 46% rate. However, when the second phase was set to take effect on April 9, Trump unexpectedly announced a 90-day pause for 75 countries that had not retaliated against the U.S., excluding China, which saw tariffs for its goods shipped to America rise to 125%. Later, on April 12, 2025, the U.S. government declared exemptions for goods such as smartphones, computers, and electronic components—products largely assembled in China, Vietnam, India, and Taiwan. These items may be subject to a separate sector-specific tax regime. Despite […]
The Donald Trump administration has paused reciprocal tariffs for 90 days. Still, this move does not alter the U.S. objective of narrowing its trade deficits with other trade partners worldwide. For countries with large trade surpluses with the U.S. like Vietnam, the tariffs will limit the flexibility of future monetary policy decisions. A rapidly changing landscape On April 2, 2025, President Donald Trump announced sweeping reciprocal tariffs on imports from most of America’s trading partners. The policy involves two phases: a baseline 10% tariff on all countries starting April 5, 2025, followed by additional tariffs based on the trade surplus ratio, effective April 9, 2025. Vietnam is among the countries facing extremely high tariffs, with a 46% rate. However, when the second phase was set to take effect on April 9, Trump unexpectedly announced a 90-day pause for 75 countries that had not retaliated against the U.S., excluding China, which saw tariffs for its goods shipped to America rise to 125%. Later, on April 12, 2025, the U.S. government declared exemptions for goods such as smartphones, computers, and electronic components—products largely assembled in China, Vietnam, India, and Taiwan. These items may be subject to a separate sector-specific tax regime. Despite […]
The Donald Trump administration has paused reciprocal tariffs for 90 days. Still, this move does not alter the U.S. objective of narrowing its trade deficits with other trade partners worldwide. For countries with large trade surpluses with the U.S. like Vietnam, the tariffs will limit the flexibility of future monetary policy decisions. A rapidly changing landscape On April 2, 2025, President Donald Trump announced sweeping reciprocal tariffs on imports from most of America’s trading partners. The policy involves two phases: a baseline 10% tariff on all countries starting April 5, 2025, followed by additional tariffs based on the trade surplus ratio, effective April 9, 2025. Vietnam is among the countries facing extremely high tariffs, with a 46% rate. However, when the second phase was set to take effect on April 9, Trump unexpectedly announced a 90-day pause for 75 countries that had not retaliated against the U.S., excluding China, which saw tariffs for its goods shipped to America rise to 125%. Later, on April 12, 2025, the U.S. government declared exemptions for goods such as smartphones, computers, and electronic components—products largely assembled in China, Vietnam, India, and Taiwan. These items may be subject to a separate sector-specific tax regime. Despite […]
The explosion of e-commerce has created vast opportunities for hundreds of thousands of individuals, small businesses, and digital vendors in the digital economy. However,...
An agricultural revolution is quietly unfolding in Vietnam’s Mekong Delta, the nation’s key rice growing area. Farmers are adopting practices that reduce greenhouse gas...
Tariffs have taken center stage in global financial market discussions since early April. Unpredictable policy moves by U.S. President Donald Trump have roiled stock...
Focus: Farmers Under Tariff Pressure: Within less than ten days of the United States announcing reciprocal tariffs earlier this month, prices of agricultural products...
The General Statistics Office recently released key macroeconomic indicators for Q1-2025. Overall, Vietnam’s economy maintained a positive growth trajectory despite considerable challenges amid global...
Small and medium-sized enterprises (SMEs) have few choices when it comes to borrowing, but access to loans at commercial banks is still tough though...
Despite global trade headwinds, HCMC has reaffirmed its GRDP growth target of 8.5% for 2025, with hopes of reaching double-digit growth if conditions allow....