In a bold economic move, U.S. President Donald Trump set a 10 percent baseline tariff that took effect at U.S. seaports, airports, and customs warehouses at 12:01 a.m. Eastern Time on Saturday. The new tariffs, which impose even higher rates on 60 countries, are stirring debates over their potential impact.
Vietnam, an export-oriented manufacturing hub that relies on the United States as its largest export market—with exports reaching $142 billion in 2024 and accounting for nearly 30 percent of its GDP—is closely watching these developments. In Hanoi, local voices have expressed concern. Vietnamese teacher Long stated, "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." Student Duc Anh added that the policy could have a huge impact on Vietnam and disrupt bilateral exchanges and cooperation between the nations.
These insights highlight the broader challenges posed by rapid shifts in global trade policies. As young global citizens, tech enthusiasts, and economic changemakers navigate an interconnected world, there is a growing call for strategic and sustainable approaches to counterbalance the ripple effects of such measures.
Reference(s):
We Talk: Vietnamese believe U.S. tariffs will hurt both countries
cgtn.com
