Reciprocal tariffs: Fueling trade tensions

The global economy has remained in turmoil since Mr. Trump returned for a second term, and it is likely to face even greater volatility as reciprocal tariffs—measures that will further escalate global trade tensions—are set to be announced on April 2. At this stage, no specific countries have been named as targets by the United States. However, based on the criteria released by the White House, many nations could potentially be affected, and Vietnam is no exception. According to our projections, Vietnam may be named by Washington shortly after April Fools’ Day. While the potential of becoming a target of reciprocal tariffs is no joke, the actual impact on the Vietnamese economy may remain limited and manageable.