Uncertainty prevails as top exporter Vietnam braces for volatility with Trump
HANOI - Vietnam faces trade volatility with a new Trump presidency, officials and supply chain experts told Reuters, as the country could benefit from increased U.S.-China trade tensions but may also become"collateral damage" of U.S. protectionist measures.
Trump has threatened to impose 60% tariffs on U.S. imports of Chinese goods in his second presidency, which would pose major growth risks for the world's second-largest economy. However, additional protectionism could accelerate the shift of supply chains from China to other markets, with Vietnam likely remaining a preferred destination for companies relocating production outside of China, Schneider added.
However, uncertainty prevails, as the new Trump administration"presents both opportunities and challenges for Vietnam," said Koen Soenens, marketing director at DEEP C industrial parks in northern Vietnam.
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