US EditionWhat Samsung and Vietnam stand to lose in Trump’s tariff war
- China retaliated to new tariffs with increased tariffs on U.S. Goods, announced April 11.
- President Trump's tariff announcements introduced uncertainty, especially for the tech industry.
- These increased tariffs on U.S. Goods reached up to 125%, while a 145% tariff remained.
- Howard Lutnick stated iPhone production involves "hundreds of thousands of human beings screwing in little screws."
- PwC estimates tariffs could cost the U.S. Tech industry up to $139 billion annually.
10 Articles
10 Articles
Samsung's reliance on Hanoi to backfire
When Samsung Electronics Chairman Jay Y Lee met Vietnam's prime minister in July, he had a simple message to convey. "Vietnam's success is Samsung's success, and Vietnam's development is Samsung's development," Lee told Pham Minh Chinh, pledging long-term investment to make the country its biggest manufacturing base for display products. Since the South Korean conglomerate entered Vietnam in 1989, it has poured billions of dollars into expanding…
What Samsung and Vietnam stand to lose in Trump’s tariff war
By Heekyong Yang, Hyunjoo Jin and Francesco Guarascio SEOUL/HANOI (Reuters) – When Samsung Electronics chairman Jay Y. Lee met Vietnam’s prime minister in July, he had a simple message to convey. “Vietnam’s success is Samsung’s success, and Vietnam’s development is Samsung’s development,” Lee told Pham Minh Chinh, pledging long-term investment to make the country its biggest manufacturing base for display products. Since the South Korean conglom…
Samsung faces threat to smartphone production in Vietnam - TelecomLead
About 60 percent of Samsung’s global smartphone production occurs in Vietnam, much of it bound for the U.S., where Samsung is the second-largest smartphone vendor. Galaxy S23 from Samsung However, this supply chain is under threat due to potential U.S. tariffs of up to 46 percent. A temporary 90-day reprieve has delayed the tariff implementation, keeping it at 10 percent, but significant uncertainty remains, Reuters news report said. U.S.-Vietna…
How Trump’s New Tariff Could Affect the Samsung–Vietnam Partnership (Big Time)
In July, Samsung Electronics Chairman Jay Y. Lee conveyed a clear message to Vietnamese Prime Minister Pham Minh Chinh: Vietnam’s development is intertwined with ours. When Vietnam succeeds, Samsung succeeds. He vowed to commit long-term resources so the country could become Samsung’s primary base for display manufacturing. Samsung’s decision to enter Vietnam
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