Impact of Trump's Tariff Policies on Vietnam

What does Donald Trump’s “America First” policy mean?

• Increasing aid to developing countries

• Prioritizing American goods and interests

• Expanding import markets

• Promoting overseas investment

What is a risk related to origin verification under the new tariff policies?

• Quality control becomes stricter

• Packaging of goods must change

• Chinese goods being disguised as Vietnamese

• Higher transportation costs

What is one negative impact of the new tariff policies?

• Increase in tourism

• Increase in real estate investment

• Decrease in USD inflow to Vietnam

• Growth in domestic markets

Why might foreign companies shift their supply chains to Vietnam?

• Because of Vietnam’s stable weather

• To reduce marketing costs

• To avoid U.S. tariff risks

• Because Vietnam is close to the Middle East

What might the new tariff policies encourage Vietnamese businesses to do?

• Focus only on the U.S. market

• Increase imports from China

• Diversify export markets

• Reduce production

What could benefit Vietnam due to the absence of certain U.S. trade policies?

• Environmental regulations

• Foreign investment policies

• Discriminatory tariff policies

• Visa regulations

Which of the following is a positive impact?

• Depreciation of the Vietnamese Dong

• Increased tariffs on Vietnamese goods

• Opportunities to attract more FDI

• Restrictions on exports to the U.S.

WHAT IS THE MAIN PURPOSE OF U.S IN IMPOSING HIGH TARIFFS ON IMPORTED GOODS FROM CHINA ?

• to help Chinese companies expand production in the U.S

• to strengthen the economic cooporation between 2 countries

• to encourage consumption of Chinese goods

• to balance the trade deficit and protect domectic industries

Answer explanation

The main objective of tariffs is typically to reduce the trade deficit and protect domestic industries from competition from imports.

Which of the following countries has the US imposed the highest reciprocal tariff on?

• mexico

• canada

• vietnam

• china

What are some of the taxes the US has imposed on goods from Canada and Mexico, in addition to the general import tax?

• NON-MFN

• anti-dumping duties

• VAT taxes

• Reciprocal tariffs