Vietnamese Textile and Seafood Sectors Seek to Maintain Market Share Amid 20% US Tariff
The US government’s 20% tariff on Vietnamese exports is straining the textile and seafood sectors by raising costs and reducing competitiveness, but industry leaders remain hopeful as businesses can adapt through operational optimisation and market diversification.
Cost-sharing and price negotiations in response to tariffs
Representatives from the textile sector acknowledge that the 20% tariff directly impacts production costs and product prices, thereby reducing Vietnam’s competitiveness in the US market. Nonetheless, since this tariff applies to multiple exporting countries, part of the cost burden...
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