Everyone was anticipating issues, but the so-called mutual tariffs, which are a very strange measure, surprised us, according to an investment adviser with extensive experience in Vietnam. He declined to be identified so that he could speak more easily.
Vietnam may face new duties as a goal, according to several analysts, because of its enormous trade deficit with the US, which is the fourth-largest among US partners, and because it is one of the major device exporters to the US. It may also face significant tariffs on semiconductors.
In recent months, investors in Asian stocks accelerated sales.
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The study, conducted by the AmCham part in Vietnam’s business centers of Ho Chi Minh City and Danang, found that , 81 per cent of responders expressed concern about potential taxes, with the fraction growing to 92 per cent among companies.
In a press release, AmCham stated that 94 % of manufacturers anticipated a negative impact from rising costs due to tariffs, which could cause them to reevaluate their operations.
AmCham reported that 41 % of respondents were considering diversifying their businesses away from the US market, which is currently most crucial for Vietnam.
According to AmCham,” This change could result in companies shifting their exports to different markets or changing supply chains to lessen their reliance on the US.”
Businesses in different nations are concerned about the effects of US taxes. Nearly nine out of 10 Chinese companies expect Trump’s policies to severely impact business, a Reuters study showed on Thursday.