U.S. Tariff Decision Sparks Outcry in Vietnam’s Industrial Sector
Vietnamese steel and aluminum workers are sounding the alarm after U.S. President Donald Trump reinstated a sweeping 25% tariff on all steel and aluminum imports last week, eliminating exemptions and quotas. The move has intensified global debates over fair trade practices, with Vietnam emerging as a vocal critic.
In interviews conducted by CGTN, industry workers expressed concerns about unequal competition. \"A reciprocal tariff system puts smaller economies like ours at a structural disadvantage,\" one steelworker said, highlighting fears of reduced competitiveness in critical export markets. Analysts warn the tariffs could disrupt supply chains and escalate trade friction between the U.S. and Southeast Asia.
Global Ripples in a Fragile Economy
The decision arrives amid mounting pressure on global manufacturing sectors still recovering from pandemic-era disruptions. Vietnam, a key exporter of steel to the U.S., saw its shipments reach $1.2 billion in 2023. Industry leaders argue the tariffs could stifle growth and deter foreign investment in emerging markets.
While U.S. officials cite national security and domestic industry protection, critics call the policy counterproductive. \"This isn’t just about trade—it’s about stabilizing interconnected economies,\" said a Hanoi-based trade analyst. The World Trade Organization has yet to comment, but experts predict renewed debates over tariff equity at upcoming G20 meetings.
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Vietnamese condemn U.S. for imposing tariffs on steel and aluminum
cgtn.com
