Kuwait Times Apr 06 25
Vietnam seeks US tariff delay | Kuwait Times Newspaper:
HANOI: Vietnam has asked for a last-minute delay to colossal tariffs imposed by Washington as government ...
kuwaittimes.com/article/26181/business/vietnam-seeks-us-tariff-delay/
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Key FactsVietnam’s Unique Trade and Security Dynamics with China
Jul 18, 2025 · Reading time: ~30 sec.
Summary created with AI assistance · Source: thediplomat.com
Summary created with AI assistance · Source: thediplomat.com
- Vietnam depends heavily on the US market for trade, with exports accounting for 30 percent of its GDP, while China remains crucial for its security.
- US tariffs on Vietnamese goods threaten trade relations, prompting Vietnam to seek tariff reductions to protect its economy.
- Vietnam’s security approach prioritizes maintaining peace with China to prevent another invasion and ensure regional stability.
- The country rejects joining any US-led military coalition against China, focusing instead on a multilateral foreign policy and trade ties.
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Key FactsUS Tariff Deal Brings New Risks for Vietnam’s Supply Chains
Jul 16, 2025 · Reading time: ~45 sec.
Summary created with AI assistance · Source: thediplomat.com
Summary created with AI assistance · Source: thediplomat.com
- The agreement focuses on origin verification and traceability rather than conventional tariff reductions and market access, with Vietnam expected to ensure that exports to the US are genuinely made there.
- For Vietnam’s leading export sector, wooden furniture, the tariff would rise from 0 to 8 percent previously to 20 percent, potentially putting even compliant producers under margin and competitiveness pressure.
- Many foreign companies still source upstream components and raw materials from China, so goods assembled in Vietnam with significant Chinese content could be classified as transshipments if traceability is insufficient.
- Vietnam is expected to strengthen customs controls, origin checks, and digital traceability, but its ability to do so remains unclear, while implementation perceived as restricting Chinese products could prompt reactions from Beijing.
"taking advantage" of the U.S.— Donald Trump; described in the article as accusing Vietnam of taking advantage of the United States in trade.
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