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Vietnam at 'Real' Risk of New US Tariffs, US Business Group Says

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The Trump administration could slap new tariffs on Vietnamese goods as a tool to rebalance trade between the US and the Southeast Asian Country, U.S.-Asean Business Council President and Chief Executive Officer Ted Osius said at a Hanoi briefing.
The article from MSN discusses concerns raised by the American Chamber of Commerce in Vietnam regarding potential new U.S. tariffs on Vietnamese goods. Vietnam is at risk of facing these tariffs due to its trade surplus with the U.S., which has grown significantly, making Vietnam the seventh largest source of the U.S. trade deficit. The U.S. has already imposed tariffs on Vietnamese steel and aluminum, and there are ongoing investigations into whether Vietnam is circumventing U.S. trade laws by transshipping goods from China. The Chamber highlighted that these tariffs could negatively impact the economic relationship between the two countries, potentially affecting Vietnamese exports like textiles, footwear, and electronics. They urged for a resolution through dialogue to avoid escalation of trade tensions.

Read the Full Bloomberg Article at:
[ https://www.msn.com/en-us/money/economy/vietnam-at-real-risk-of-new-us-tariffs-us-business-group-says/ar-AA1B86x5 ]