{"id":2746,"date":"2025-04-11T15:26:40","date_gmt":"2025-04-11T08:26:40","guid":{"rendered":"https:\/\/letrading.vn\/?p=2746"},"modified":"2025-05-20T16:38:28","modified_gmt":"2025-05-20T09:38:28","slug":"thue-quan-trump-thach-thuc-moi-cua-nganh-may-mac-chau-a","status":"publish","type":"post","link":"https:\/\/letrading.vn\/en\/thue-quan-trump-thach-thuc-moi-cua-nganh-may-mac-chau-a\/","title":{"rendered":"Trump Tariffs: A New Challenge For Asia&#8217;s Apparel Industry"},"content":{"rendered":"<p><strong>KEY HIGHLIGHTS<\/strong><\/p>\n<ul>\n<li>President Donald Trump\u2019s tariff announcement on April 2 sent shockwaves through the global fashion industry \u2014 particularly in Asia, the region that dominates the export supply chain for apparel and footwear to the U.S.<\/li>\n<li>While China responded with force, countries like Vietnam, Indonesia, Cambodia, and India signaled willingness to negotiate \u2014 a move aimed at de-escalating trade tensions.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><strong>VIETNAM: DIPLOMACY OVER ESCALATION<\/strong><\/p>\n<ul>\n<li>In a letter to the U.S. President dated April 5, General Secretary To Lam expressed Vietnam\u2019s readiness to remove all tariffs on U.S. imports as a gesture of goodwill.<\/li>\n<li>The move is strategic, given the critical role of Vietnam\u2019s textile and garment sector \u2014 one of the top four export pillars, contributing significantly to GDP and employing millions of workers.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><strong>IMPACT OF TRUMP TARIFFS ON VIETNAM\u2019S GARMENT INDUSTRY<\/strong><\/p>\n<ul>\n<li>Vietnam is currently the second-largest exporter of apparel and footwear to the U.S, after China. Global giants such as Nike and Adidas rely heavily on Vietnam-based manufacturing.<\/li>\n<li>Should a 46% tariff be imposed, profit margins for exporters would decline. Although still more favorable than China (facing a 54% tariff), Vietnam would lose 10\u201320% in competitiveness compared to Bangladesh, Pakistan, and Cambodia \u2014 countries with lower labor costs.<\/li>\n<li>Amidst a stagnating U.S. consumer market, Vietnamese firms may be forced to lower prices to retain market share, threatening profitability across the sector.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><strong>RESPONSES FROM OTHER ASIAN COUNTRIES<\/strong><\/p>\n<ul>\n<li>Alongside Vietnam, countries including Indonesia, Cambodia, India, Taiwan, and Malaysia have opted against retaliatory actions, instead expressing openness to dialogue.<\/li>\n<li>In contrast, China \u2014 the largest supplier of fashion and footwear to the U.S. \u2014 immediately imposed reciprocal tariffs, intensifying trade tensions to a new level.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><strong>CONCLUSION<\/strong><\/p>\n<ul>\n<li>Vietnam and several Asian nations are pursuing a path of pragmatic diplomacy, aiming to stabilize supply chains and safeguard export advantages.<\/li>\n<li>China\u2019s hardline stance risks escalating trade tensions and deepening uncertainty in the global fashion supply network.<\/li>\n<li>Amid geopolitical volatility, policy flexibility and constructive dialogue between Vietnam and the U.S. may unlock new opportunities for garment players \u2014 from market restructuring to long-term competitive repositioning.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p style=\"text-align: right;\"><em>(Source: BOF, VnExpress, VnEconomy)<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>KEY HIGHLIGHTS President Donald Trump\u2019s tariff announcement on April 2 sent shockwaves through the global fashion industry \u2014 particularly in Asia, the region that dominates the export supply chain for apparel and footwear to the U.S. While China responded with force, countries like Vietnam, Indonesia,&#8230;<\/p>\n","protected":false},"author":5,"featured_media":2747,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false},"categories":[10],"tags":[],"translation":{"provider":"WPGlobus","version":"2.8.2","language":"en","enabled_languages":["vi","en"],"languages":{"vi":{"title":true,"content":true,"excerpt":false},"en":{"title":true,"content":true,"excerpt":false}}},"_links":{"self":[{"href":"https:\/\/letrading.vn\/en\/wp-json\/wp\/v2\/posts\/2746"}],"collection":[{"href":"https:\/\/letrading.vn\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/letrading.vn\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/letrading.vn\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/letrading.vn\/en\/wp-json\/wp\/v2\/comments?post=2746"}],"version-history":[{"count":0,"href":"https:\/\/letrading.vn\/en\/wp-json\/wp\/v2\/posts\/2746\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/letrading.vn\/en\/wp-json\/wp\/v2\/media\/2747"}],"wp:attachment":[{"href":"https:\/\/letrading.vn\/en\/wp-json\/wp\/v2\/media?parent=2746"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/letrading.vn\/en\/wp-json\/wp\/v2\/categories?post=2746"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/letrading.vn\/en\/wp-json\/wp\/v2\/tags?post=2746"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}