Trump Hits Vietnam with 46% Tariffs Under Emergency IEEPA Powers

Vietnam received one of the steepest tariff rates in the Liberation Day order — 46% on all exports to the United States. The administration cited Vietnam's large trade surplus with the U.S. (over $100 billion annually) and currency practices as justification. Vietnam had become a major manufacturing hub for U.S. companies like Nike, Apple, and Intel seeking to diversify away from China, making the tariff a significant shock to global supply chains.