🚢Trade War: When Your Nike Shoes Cost 46% More
Economy
National Security
Public Policy
Trump slapped Vietnam with devastating 46% tariffs despite the country producing 50% of Nike footwear and 90% of Apple Watch assembly. Vietnam exports $140 billion annually to the U.S.—representing 30% of their entire economy—while major American companies scramble to avoid massive price increases.
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Key Takeaways
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Why This Matters
Your Wallet:
Tariffs on Vietnam hit products you buy daily—Nike shoes, Apple Watches, Adidas gear, and furniture—potentially adding $3,800 annually to household costs as companies pass tariff expenses to consumers.
Your Job:
American companies that rely on Vietnamese manufacturing face supply chain chaos, potential layoffs, and reduced competitiveness as production costs skyrocket overnight.
Global Trade:
Vietnam scrambles to reduce Chinese imports and crack down on transshipment to appease Trump, while threatening to derail the fastest-growing economy in Southeast Asia.
Presidential Power:
Trump bypassed Congress using emergency powers under IEEPA, testing constitutional limits on executive authority over international commerce and trade relationships.
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Detailed Content
1
What percentage tariff did Trump impose on Vietnamese imports?
Multiple Choice
International Trade
2
What percentage of Vietnam's GDP comes from exports to the United States?
Multiple Choice
Economic Policy
3
What percentage of Nike footwear is manufactured in Vietnam?
Multiple Choice
International Trade
4
What percentage of Apple Watch assembly takes place in Vietnam?
Multiple Choice
International Trade
5
What is the estimated annual household cost increase if Trump's broader tariff proposals were implemented?
Multiple Choice
Economic Policy
6
What illegal practice is the U.S. accusing Vietnam of facilitating to avoid Chinese tariffs?
Multiple Choice
International Trade
7
How much has Vietnam's trade surplus with the U.S. grown since the start of the China trade war in 2018?
Multiple Choice
Economic Policy
8
What constitutional concern do critics raise about Trump's emergency tariff authority?
Multiple Choice
Constitutional Law
9
How many people does Vietnam's garment industry employ?
Multiple Choice
Economic Policy
10
What federal law did Trump invoke to impose emergency tariffs on Vietnam?
Short Answer
Constitutional Law
11
How much could the tariffs reduce Vietnam's economic growth according to OCBC Bank economists?
Short Answer
International Trade
12
Who is Vietnam's Communist Party General Secretary leading trade negotiations with the U.S.?
Short Answer
International Trade
13
Vietnam has agreed to purchase F-16 fighter jets from the U.S. to reduce the trade deficit.
True/False
Economic Policy
14
Trump suspended the 46% tariff on Vietnam for 90 days to allow negotiations.
True/False
International Trade
15
Vietnam's imports from China roughly match the value of its exports to the United States.
True/False
International Trade