On the afternoon of April 2 (local time), U.S. President Donald Trump announced the imposition of 46% countervailing tariffs on 90% of all goods imported from Vietnam, marking the second-highest rate among all exporting countries to the U.S., just behind Cambodia, which faces a 49% tariff on 97% of its exports to the American market.
According to the Vietnam News Agency (VNA), other Southeast Asian nations were also affected under this tariff package:
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Thailand: 36% tariffs on 72% of export volume
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Indonesia: 32% on 64%
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Malaysia: 24% on 47%
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Philippines: 17% on 34%
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Singapore: 10% on 10%
In addition, several key economies are included in the tariff list:
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China: 34% on 67%
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European Union: 20% on 39%
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Sri Lanka: 44% on 88%
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Bangladesh: 37% on 74%
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Taiwan: 32% on 64%
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Switzerland: 31% on 61%
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South Africa: 30% on 60%
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Pakistan: 29% on 58%
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India: 26% on 52%
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South Korea: 25% on 50%
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Japan: 24% on 46%
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Israel: 17% on 33%
Countries subject to 10% tariffs on 10% of exports include the United Kingdom, Australia, Colombia, Chile, Brazil, and Turkey.
Key Highlights
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Vietnam now ranks second globally in tariff exposure to the U.S., signaling significant challenges for its exporters.
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Canada and Mexico were notably excluded from this round of U.S. tariff measures.
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The move is expected to reshape global trade flows and prompt countries to seek bilateral adjustments with Washington.
International Reactions
Responding to the announcement, UK Business and Trade Secretary Jonathan Reynolds stated on April 2 that London remains committed to negotiating an economic agreement with Washington to mitigate the impact of the newly imposed 10% tariffs on British exports.
Reynolds emphasized:
“Our approach is to remain calm and work toward building this agreement. We hope to lessen the impact of the measures that have been announced.”
President Donald Trump added that the United Kingdom will face one of the lowest tariff levels, while dozens of other nations are subject to significantly higher rates.