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'Shocking': US Tariffs Worse Than Feared For Vietnamese Exporters

Than Feared
International Business Times Fews App News Provider
Fews App Post Time Hace 9d

Vietnam was among the countries hardest hit by Trump's latest tariffs blitz AFP At a garment factory in Ho Chi Minh City that exports T-shirts and underwear to the United States, staff were alarmed by "shocking" trade tariffs imposed on Vietnam that could severely impact their business. A manufacturing powerhouse that counted the United States as its biggest market last year, the Southeast Asian nation was hammered with a thumping 46 percent tariff in President Donald Trump's global trade blitz. Despite widespread fears it could be a key target over its huge trade surplus with Washington -- the third-largest after China and Mexico -- the size of the levies came as a bombshell for businesses and factory workers on Thursday.

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