Vietnam lost, even if Trump knelt, there's almost no chance for foreign trade exports.
Vietnam will pay a 40% transit tariff, while Vietnam pays a 20% tariff on exports to the United States. The United States will sell goods to Vietnam at zero tariffs. This is clearly an unequal situation, and Vietnam agreed to it, which is the result of kneeling.
It can be imagined that many companies in Vietnam will experience a mass exodus. Such tariffs are even worse than Japan. We all know that a 10% profit on exported goods is already good. Now with a 20% tariff, selling goods would clearly result in losses. Will Vietnam still do business?
A 40% transit tariff is obviously blocking the road completely, and it's clear who this is targeting.
On the contrary, U.S. goods sold to Vietnam are duty-free. In 2024, Vietnam's exports to the U.S. were approximately $136 billion, while U.S. exports to Vietnam were about $13 billion, resulting in a trade deficit of $123 billion.
Now, U.S. goods have achieved zero tariffs, and Vietnamese goods may be outcompeted by American goods in the market. It will be difficult for Vietnam to export goods, and Vietnam's economy will face challenges.
In this trade war, Vietnam was completely defeated, and the United States won entirely.
Original article: https://www.toutiao.com/article/1836598507200523/
Statement: This article represents the views of the author.