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 Company Limited, Song May Industrial Park (Trang Bom district). Photo: K.Minh

For Dong Nai , the US is also 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 USD to the US.

Dong Nai exports a lot of products to the US such as textiles, footwear, wood products, computers, electronic components, machinery equipment, textile fibers, machinery equipment and spare parts, iron and steel products... In the future, when export tax on goods to the US increases, it will directly affect many businesses in the province. Especially businesses that have signed orders with US partners until the end of the second, third and fourth quarters of 2025.

Tax costs will be included in the product cost and the product cost will be pushed up. With the contracts Dong Nai businesses have signed with American partners, if they cannot negotiate an increase in selling price, the possibility of loss will be very high.

Dong Nai's textile and garment exports more than 30% to the US. Export clothing production at Dong Tien Joint Stock Company, Amata Industrial Park (Bien Hoa city). Photo: K.Minh

As product prices increase, many businesses will have difficulty competing with similar goods from other countries exporting to the US. At the same time, the possibility of orders from the US market will decrease.

According to the list of reciprocal tariffs between the US and other countries, Vietnam is subject to the third highest tariff. Much higher than the tariffs of other countries. Specifically, Chinese goods exported to the US are subject to a 34% tariff, India 26%, South Korea 25%, Japan 24%, Thailand 36%, 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/