Vietnam slashes duties on range of imports to head off US tariffs

Will Trump’s tariffs on Vietnam mean pricier Nike and Adidas shoes?

Potential US tariffs on Vietnam could threaten Nike and Adidas’ recovery amid rising production costs and shifting market dynamics.

Vietnam slashes duties on range of imports to head off US tariffs

HANOI, Vietnam – Vietnam said it cut import duties on a range of goods including cars, liquefied gas and some agricultural products in what appeared to be pre-emptive action to blunt US President Donald Trump’s planned sweeping tariffs. The announcement came after Prime Minister Pham Minh Chinh said last month that Hanoi was reviewing levies

Vietnam Cuts Import Tariffs in Response to Trump’s Push

Vietnam has announced import tariff cuts ahead of the entry into effect of President Donald Trump’s tariffs aimed at fixing the trade deficit the United States has with many of its trade partners globally. According to a statement by the Vietnamese government, imports that will see reduced import levies include liquefied natural gas, cars, ethanol, wood products, and various foodstuffs. For LNG, the import tariff rate would be reduced from 5% to…

Vietnam slashes duties on cars, chicken & more amid Trump's global tariff blitz

The announcement came after Prime Minister Pham Minh Chinh said last month that Hanoi was reviewing levies to encourage increased imports from the US.

Nike faces new threat: Potential US tariffs on Vietnam imports

New US tariffs on Vietnam imports could force Nike to absorb costs or raise prices as sales decline.

Ahead of the day the US administration is expected to issue a new declaration on reciprocal tariffs against countries on April 2, Vietnam has reduced import duties on a range of goods.