Vietnam is the 6th largest source of U.S. imports. If the U.S. government’s reciprocal tariffs reach levels suggested in April, it could change the country’s economic trajectory. Higher tariff rates are expected to cost U.S. households thousands of dollars. The White House says the new duties on imported goods will cut down on unfair trade practices abroad, putting the United States in a more competitive position against emerging manufacturing powerhouses in south east Asia.
Chapters
0:00 Introduction
01:14 Consumer goods
03:04 The China +1 strategy
05:11 Trade deficits
Produced and Edited by: Carlos Waters
Senior Director of Video: Lindsey Jacobson
Graphics: Mallory Brangan, Jason Reginato
Additional footage: Getty Images
Additional sources: International Energy Agency, Northern Trust, U.S. Census Bureau, U.S. International Trade Administration, U.S. Trade Representative, White House, Yale University
» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
Do you want a new career that’s higher-paying, more flexible or fulfilling? Take CNBC’s new online course – How to Change Careers and Be Happier at Work. Pre-register today and use coupon code EARLYBIRD for an introductory discount of 30% off $67 (+taxes and fees) through May 13, 2025: https://cnb.cx/4igNyqZ
Connect with CNBC News Online
Get the latest news: https://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC
Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC
Follow CNBC on Threads: https://cnb.cx/threads
Follow CNBC News on X: https://cnb.cx/FollowCNBC
Follow CNBC on WhatsApp: https://cnb.cx/WhatsAppCNBC
#CNBC
#china #vietnam
#tariffs
Why Trump Slapped High Tariffs On Countries Like Vietnam
