the 20 per cent duties levied on Vietnamese goods could cause its US exports to fall “over time by more than US$25 billion dollars, nearly one-fifth of the yearly total. - AFP
HANOI: US tariffs imposed in August risk slashing up to one-fifth of Vietnam's exports to the United States, making it the worst-hit country in South-East Asia, according to estimates by the United Nations Development Programme.
Vietnam was the world's sixth-largest exporter to America last year with US$136.5 billion worth of shipped goods, US trade data show. Those goods are largely produced in factories run by US and foreign multinational companies or their suppliers.
