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

Than Feared
International Business Times Fews App News Provider
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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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