Vietnam’s garment industry faces U.S. tariff hike, turning challenges into opportunities.

Vietnamese products, particularly home and outdoor décor, handicrafts, fashion, gifts, and lifestyle goods enjoy ample growth potential in the EU market thanks to its strong purchasing power, diverse demand, and high market openness.

Green consumption, rising e-commerce sales, and the benefits of free trade agreements are the three key trends propelling Vietnamese handicrafts onto the global stage, said Tra Le, market development director at Source of Asia, a consulting firm specializing in Vietnamese product exports.

US President Donald Trump on August 11 signed an executive order extending the tariff suspension agreement with China for another 90 days, preventing the possibility of a spike in bilateral tariffs as US retailers prepare for the year-end shopping season.

South Korea and Vietnam are strengthening trade ties as they face the implications of US tariffs on their export-dependent economies.

Although the decision of the United States to impose new tariff levels on Vietnam is not as harsh as the rates suggested in April, they may still pose various challenges for Vietnamese exporters as well as economic growth.

As the United States presses its“reciprocal tariffs” campaign against ASEAN members, Washington's hard-nosed trade tactics are sending ripples far beyond the negotiating rooms of Singapore, Jakarta and Hanoi.

The shift in United States trade policy and reciprocal tariffs is prompting the Vietnamese business community to reassess its export strategies, while also creating opportunities to innovate, enhance operational efficiency, and strengthen sustainable competitiveness.

South Korea and Vietnam's leaders pledged to deepen economic cooperation on Monday as their export-dependent countries try to shore up longstanding supply chains as U.S. President Donald Trump's tariffs shake up global trade.

Output, sales, and exports all rise as domestic demand strengthens and export tax cuts take effect.