Keyword: "New US tariff policy"

The higher tariff will increase costs for Thai exports and could weaken their competitiveness in the US market.

This progress has been built on mutual respect, transparency and Vietnam's sustained efforts to improve its legal framework and comply with international standards. However, the US' recent tariff decision appears to overlook realities regarding Vietnam's labour environment and manufacturing practices.

Rather than focusing solely on increasing export value, Vietnamese businesses should shift toward higher market segments and promote service exports as the US tariffs target goods, not services, an expert has said.