New U.S. tariffs targeting over 60 countries took effect this week, with Vietnam—a key Southeast Asian manufacturing hub—bracing for significant economic fallout. The policy, announced by U.S. President Donald Trump, includes a baseline 10% tariff, while specific nations face higher rates. The move has sparked widespread concern in Vietnam, where exports to the U.S. totaled $142 billion in 2024, accounting for nearly 30% of the country’s GDP.
CGTN Stringer interviewed Hanoi residents to gauge reactions. Vietnamese teacher Long expressed skepticism: "The U.S. has imposed tariffs on many countries. Prices of American goods will inevitably rise, and the American people will have to bear the cost." Student Duc Anh highlighted broader implications: "This will impact the Vietnamese people and harm bilateral exchanges and cooperation between Vietnam and the U.S."
Analysts warn that Vietnam’s export-driven economy could face supply chain disruptions, reduced investor confidence, and strained labor markets. The tariffs also raise questions about long-term U.S.-Vietnam relations, particularly in sectors like electronics, textiles, and agriculture.
