U.S. tariffs targeting 60 countries—including Vietnam—kicked in this week, raising fears of a trade domino effect. Starting Saturday, a 10% baseline tariff hit imports, with higher rates for some partners. Vietnam, a manufacturing powerhouse, exports $142B in goods to the U.S. annually—nearly 30% of its GDP. 🇺🇸🇻🇳
Locals Worry About Mutual Costs
Hanoi residents shared mixed reactions with CGTN. Teacher Long warned higher prices could 'hurt Americans too,' while student Duc Anh stressed the policy might 'strain U.S.-Vietnam cooperation.' With Vietnam reliant on U.S. demand, the tariffs could ripple through its economy, impacting jobs and growth. 📉
Trade Tensions Meet Global Uncertainty
Experts say tariffs risk slowing cross-border innovation and cultural exchange. Vietnam, a key player in tech and textiles, now faces tough choices: diversify markets or brace for turbulence. Will diplomacy prevail? 🤝💡
