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International Business Times
International Business Times
Business

'Shocking': US Tariffs Worse Than Feared For Vietnamese Exporters

Vietnam United States The United States Donald Trump Ho Chi Minh City Dan Martin NIke
Vietnam was among the countries hardest hit by Trump's latest tariffs blitz (Credit: AFP)

At a garment factory in Ho Chi Minh City that exports T-shirts and underwear to the United States, staff were alarmed by "shocking" trade tariffs imposed on Vietnam that could severely impact their business.

A manufacturing powerhouse that counted the United States as its biggest market last year, the Southeast Asian nation was hammered with a thumping 46 percent tariff in President Donald Trump's global trade blitz.

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