The US imposes a 46% reciprocal tax on Vietnamese goods, Dong Nai worries that export orders will decrease.

(DN)- It is expected that from April 9, the US will impose a 46% reciprocal tax on Vietnamese goods. This makes most businesses exporting goods to the US worried. Because, the US is currently Vietnam's largest export market, accounting for about 27% of the country's total export turnover.

Manufacturing machinery components for export to the US at Boss Industrial Co., Ltd., Song May Industrial Park (Trang Bom district). Photo: K. Minh

For Dong Nai , the US is currently the largest export market, accounting for nearly 33% of the province's total export turnover. In the first quarter of 2025, Dong Nai exported more than $1.93 billion to the US.

Dong Nai's main export items to the US include textiles, footwear, wood products, computers, electronic components, machinery and equipment, textile fibers, machinery and spare parts, and iron and steel products. The upcoming increase in export taxes to the US will directly impact many businesses in the province, especially those that have already signed orders with US partners until the end of the second, third, and fourth quarters of 2025.

Tax costs will be factored into the product price, driving it up. For contracts already signed by Dong Nai businesses with American partners, if they cannot negotiate a higher selling price, the risk of losses will be very high.

Over 30% of Dong Nai's textile and garment exports go to the US. The photo shows the production of export clothing at Dong Tien Joint Stock Company, Amata Industrial Park (Bien Hoa City). Photo: K.Minh

With rising production costs, many businesses will find it difficult to compete with similar goods from other countries exporting to the US. At the same time, the likelihood of a decrease in orders from the US market is high.

According to the list of reciprocal tariffs imposed by the US on various countries, Vietnam is currently subject to the third highest tariff rate, significantly higher than that of other countries. Specifically, Chinese goods exported to the US face a 34% tariff, India 26%, South Korea 25%, Japan 24%, Thailand 36%, and the EU 20%...

                                       Khanh Minh

Source: https://baodongnai.com.vn/kinh-te/202504/my-ap-thue-doi-ung-46-len-hang-hoa-viet-nam-dong-nai-lo-lang-don-hang-xuat-khau-se-giam-91234a4/