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Thursday, April 3, 2025

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steel exports

The resilient steel export sector

Vietnam has been subject to a 25% import tariff on steel exports to the U.S. since 2018. Therefore, the latest round of tariffs imposed by the U.S. does not directly impact steel exporters in Vietnam. In fact, it could create a more level playing field, potentially giving Vietnamese steel a competitive edge in the U.S. market now that President Donald Trump applies the same rate across all exporting nations. The real challenge for steel producers in Vietnamese lies in other markets, particularly ASEAN and the EU, where competition is expected to intensify. A potential competitive edge for Vietnamese steel in the U.S. When Trump first announced the 25% tariff on imported steel and aluminum, many feared it would negatively affect Vietnamese exports to the U.S. Even domestic steel stocks saw a sharp decline. However, steel exporters and trade experts told The Saigon Times that a uniform 25% tariff on all major steel-exporting countries could actually work in Vietnam’s favor, as Vietnamese steel has already been subject to this rate since 2018. Trump recently signed executive actions formalizing the 25% tariff on steel and aluminum imports while eliminating all existing country-specific exemptions. Since Vietnam has been subject to this tariff under […]
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EC launches anti-dumping probe into stainless steel imports from Vietnam

HCMC – The European Commission (EC) has announced an investigation into tax evasion, anti-dumping, and countervailing practices concerning cold rolled stainless steel products imported...

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