Vietnam exports dip as U.S. tariffs bite

AWANI

Vietnam’s exports fell 1.5% in October, with shipments to the U.S. down 2.2%, as new American tariffs slowed trade momentum despite continued foreign investment and industrial growth.

Transcript

00:00Vietnam's exports fell in October, with shipments to the United States dropping for a third consecutive month,

00:06as the country adapts to new American tariffs imposed by President Donald Trump.

00:11Official data shows that exports to the US, Vietnam's biggest market, dropped more than 2% from September,

00:18even as overall exports remain strong compared to last year.

00:21Vietnam's National Statistics Office reported that total exports in October fell 1.5% from the previous month to just over $42 billion.

00:34The decline comes as Hanoi remains in talks with Washington over a possible trade deal.

00:40In August, Trump introduced 20% tariffs on Vietnamese goods to reduce America's trade deficit,

00:46which still stands at $111 billion for the year.

00:50That's tariffs.

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