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Vietnamese citizens are expressing concern over the recent imposition of U.S. tariffs, fearing that the new trade policies will negatively impact both countries. On Saturday at 12:01 a.m. Eastern Time (0401 GMT), the United States implemented a 10 percent baseline tariff across various imports, with 60 countries facing even higher rates.
Vietnam, known for its export-oriented manufacturing sector, considers the U.S. its largest export market. In 2024, Vietnam exported goods worth $142 billion to the U.S., accounting for nearly 30 percent of its GDP.
Long, a teacher in Hanoi, shared his thoughts on the situation: “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.” Duc Anh, a student, echoed these sentiments, stating, “It will have a huge impact on the Vietnamese people and harm bilateral exchanges and cooperation between Vietnam and the U.S.”
The tariffs are expected to affect a wide range of industries, potentially altering the economic landscape for Vietnamese businesses reliant on U.S. markets. Analysts suggest that the increased costs could lead to decreased demand for Vietnamese products in the U.S., while also making American goods more expensive for Vietnamese consumers.
As both nations navigate the implications of these tariffs, there is growing concern about the future of trade relations and economic cooperation. Many hope that dialogue and negotiations will lead to a resolution that minimizes harm to both economies.
