When major corporations can come together, it brings hope for a brighter economic future.
However, the U.S. has imposed a steep 46% tax on Vietnam—an excessive rate that feels like a direct blow. This move is expected to heavily impact a range of Vietnamese export industries, including:
Fabric and textile manufacturing
Wood processing and agricultural product packaging
Coffee production
Aquaculture and seafood exports
Although the tax order has been temporarily suspended for 90 days, the uncertainty around U.S. import policies is deeply concerning. After three difficult years battling the pandemic, businesses are still struggling to recover—and now they're facing yet another setback.
It feels like we're back to square one. The economy is hurting, once again... almost like we’re preparing to go begging.