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Historic tariffs set to hit Virginians in multiple ways; experts take a deeper dive

  • President Trump announced tariffs on exporters to the US and nations with trade imbalances on April 2.
  • Trump's announcement came as Vietnam was working to reduce its trade surplus with the United States.
  • Vietnam slashed tariffs, vowed to buy more US products, and sent a delegation to the US ahead of the announcement.
  • The new tariff rates include a minimum 10% import duty and a 46% tariff on goods from Vietnam.
  • Experts warn the tariffs could disrupt global trade and negatively impact Vietnam's economic growth and goals.
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forexlive.com broke the news in on Wednesday, April 2, 2025.
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