Vietnam Sees Trump Tariffs Cutting Up to a Third of US Exports

Vietnam estimates its exports to the US could decline by as much as a third if higher tariffs announced by President Donald Trump take effect, an internal government assessment shows.

Tariffs of 20% to 40% would slash export revenue by up to $37 billion, and hit the majority of Vietnam’s key industries, including electronics, machinery, garments, footwear and furniture, according to a document prepared for Prime Minister Pham Minh Chinh‘s advisory council and seen by Bloomberg News.