Vietnamese businesses face growing pressure to adapt as U.S. tariff and trade policies tighten, particularly with increased trade defense measures in President Donald Trump’s second term. Companies are seeking effective strategies to mitigate the impact of these barriers. A wave of tariff policy changes across the Atlantic – including higher import duties, adjustments to tariff rates in specific sectors, and reciprocal tariffs on goods from other markets – has sparked concerns among Vietnamese businesses, industry support organizations, and government agencies. Many are expressing growing unease and caution over the potential economic pressures these changes could place on Vietnam. A matter of time Vietnam is not currently a direct target of recent U.S. tariff measures. Still, the risk of becoming the next focus is rising as U.S. President Donald Trump advocates for reciprocal trade measures to protect the U.S. economy. Speaking with The Saigon Times, Nguyen Huu Nam, deputy general director of the Vietnam Chamber of Commerce and Industry (VCCI) – HCMC Regional Branch, said Vietnam is increasingly at risk of facing stricter U.S. tariff measures. A series of tariff hikes imposed on major U.S. trading partners, such as China, Canada, and Mexico, points to the possibility that Vietnam could be […]
To read more, please click here.
