US 46% Tariff on Vietnamese Goods: Time to Support Local!

In recent times, the US's countervailing tariff policy on imported goods from Vietnam has become a hot topic in international trade. With the US imposing a hefty 46% tariff on several key export products from Vietnam, such as textiles, seafood, wood, and furniture, businesses in the country are facing new challenges.

However, where there are challenges, there are always opportunities. This moment represents a chance for Vietnamese consumers to support local businesses, strengthen the domestic market, and build a more sustainable economy.

Understanding the US's Countervailing Tariffs

On April 2, 2025, the US government announced a 46% tariff on imports from Vietnam, effective from April 9, 2025. This move has primarily affected industries with a high export value, such as textiles, seafood, wood products, and some electronics. While the reason behind this decision is tied to concerns about fair competition and trade imbalances, it has led to increased costs for Vietnamese businesses reliant on the US market.

For many businesses, this tariff could mean a drop in international competitiveness, but it also opens doors for a shift towards local consumer markets. By prioritizing local products, consumers can help businesses navigate these challenges and contribute to a more self-reliant economy.

US President Donald Trump holds a sign listing the retaliatory import tariffs imposed on goods from various countries. Photo: VTCNews

How Are Countervailing Tariffs Calculated?

Countervailing tariffs are typically calculated based on several factors:

1. Tariff Rate: The US government applies a specific tariff percentage based on the value of the product. For example, if a Vietnamese product is worth $100 and the countervailing tariff is 46%, the import fee would amount to an additional $46.

2. Valuation Basis: The tariff may be calculated on FOB (Free On Board) value, which excludes shipping costs, or CIF (Cost, Insurance, and Freight), which includes all transportation and insurance costs.

3. Product Categories Affected: Not all products are subject to countervailing tariffs. These tariffs target industries where there is perceived unfair competition or where imports may harm US domestic manufacturing.

4. Tariff Adjustments: The US may adjust tariffs based on market fluctuations or negotiations between countries.

5. Subsidy Assessment: If a country is found to be providing subsidies to certain exports, the US will calculate the tariff based on the subsidy amount, ensuring fair competition for US manufacturers.

A Rising Demand for Vietnamese Products Locally

While export challenges might seem daunting for Vietnamese businesses, it presents an excellent opportunity for consumers within Vietnam to step up and support local products. Vietnamese businesses have increasingly been enhancing their products' quality, design, and value, making them competitive in the domestic market.

Vietnamese products are becoming more and more quality-focused, satisfying a variety of consumer needs

By choosing to purchase locally made goods – whether it’s handcrafts, fashion, food, or homeware – consumers can actively contribute to the growth of the economy. This shift not only benefits businesses but also fosters job creation, supports innovation, and strengthens the overall Vietnamese market.

Chus.vn – Connecting Local Consumers with Quality Vietnamese Products

Chus.vn is a premier e-commerce platform that connects local consumers with unique, handcrafted, and high-quality products from Vietnamese brands. With a mission to support local artisans and businesses, CHUS makes it easier for consumers to access top-notch products while promoting the idea of "buying Vietnamese."

From fashion and home goods to natural cosmetics and handcrafted gifts, CHUS offers a wide array of locally made products that cater to diverse consumer needs. Every product on the platform is carefully curated, ensuring it reflects the creativity, authenticity, and traditional values of Vietnam.

Conclusion: Supporting Local Products for a Sustainable Future

While the US's countervailing tariffs may pose a challenge to Vietnamese businesses, it is equally a call to action for Vietnamese consumers to support their local economy. By choosing to buy locally-made goods, consumers play a vital role in strengthening the domestic market and creating a more self-sustaining economy.

Chus.vn is proud to be part of this movement and offers a platform where you can find quality, homegrown products that not only help businesses thrive but also contribute to the pride and progress of Vietnam. Let’s join hands in making Vietnamese products a global success story – starting with our own communities.