US Manufacturers Predict Job Cuts in Vietnam Amid Tariff Fears

U.S. manufacturers operating in Vietnam are expressing significant concerns over potential tariffs proposed by the Trump administration, with nearly 66% of manufacturers predicting layoffs if duties are imposed. A recent survey by the American Chamber of Commerce in Vietnam (AmCham) found that 81% of responding companies worry about the impact of such tariffs on their businesses. The survey, conducted among over 100 members, highlighted that the apprehensions are especially acute among manufacturers, with 92% anticipating financial strain and operational disruptions. Vietnam has benefited from foreign investments, particularly as companies shifted operations from China, but the looming tariff threats are causing uncertainty. Analysts suggest that Vietnam, which has a substantial trade surplus with the U.S., could be targeted for new duties that may particularly affect its semiconductor sector, further complicating the manufacturing landscape. The situation reflects broader anxieties among American businesses regarding the evolving trade relationship under the Trump administration.