Vietnam Calls for Delay on U.S. Tariffs Amid Economic Concerns
Vietnam is urgently requesting the United States to postpone the implementation of significant tariffs that could reach up to 49%, as both nations engage in negotiations aimed at alleviating the economic impact. The Vietnamese economy, which has experienced robust growth, is now facing challenges, with a slowdown reported in the first quarter due to looming tariffs. Concerns have been raised across various sectors, including manufacturing and retail, as the potential increase in tariffs could lead to a surge in prices for goods like toys, sneakers, and furniture. Experts suggest that under the weight of these tariffs, Vietnam may be disproportionately affected compared to its Southeast Asian neighbors. Business leaders and government officials are actively seeking a dialogue with U.S. authorities, emphasizing the need for an immediate tariff delay to safeguard economic stability and future growth.
NPR, The New York Times, WSJ, Fortune, Nikkei Asia, Bloomberg, Reuters, South China Morning Post, CNBC, Bangkok Post