Details of Vietnamese goods not subject to 46% US reciprocal tax

According to Mr. Do Ngoc Hung - Head of the Vietnam Trade Office in the US (Ministry of Industry and Trade) - according to the US tax decree, the industries that will be greatly affected include seafood, plastics, rubber, wood, textiles, footwear, machinery, components, electronics...

However, there are still some Vietnamese goods exported to this market that will not be subject to the 46% reciprocal tax rate. Specifically, taxable items under section 50 USC 1702(b) include personal communications; donated and donated items; documents, publications; and tourism-related transactions.

In addition, steel, aluminum, and auto and auto parts that have been subject to tariffs under Section 232 of the US Trade Expansion Act will also not be subject to the 46% reciprocal tariff. Of which, steel is only subject to a 25% tariff and aluminum is 10% under Section 232 from 2018 to present.

The same goes for copper, pharmaceuticals, semiconductors, and lumber; all of which could be subject to Section 232 tariffs in the future. Additionally, gold bullion and energy and certain minerals not available in the United States will also not be subject to additional reciprocal tariffs this time.

Steel products exported to the US will not be subject to a 46% reciprocal tax (Photo: Bloomberg).

On the Government and management agencies side, immediately after the US announced the imposition of tariffs, Prime Minister Pham Minh Chinh chaired a meeting with ministries and branches to assess the situation and discuss immediate and long-term solutions after the US announced the imposition of reciprocal tariffs.

Deputy Prime Minister Ho Duc Phoc will also visit the US and work in the US and Cuba from April 6 to April 14.

On April 3, Minister of Industry and Trade Nguyen Hong Dien also sent a diplomatic note requesting the US side to postpone the decision to impose tariffs to have time to discuss and find a reasonable solution for both sides. This agency is arranging a phone call between the two Ministers as well as at the technical level with colleagues at the US Trade Representative (USTR) as soon as possible.

Previously, at the end of March, Vietnam proactively reduced import taxes on many goods from the US. Among them, a series of imported goods from the US had their taxes reduced to low levels, even 0%.

Many agricultural products also have their taxes reduced: Frozen chicken thighs from 20% to 15%, pistachios from 15% to 5%, almonds from 10% to 5%, fresh apples from 8% to 5%, cherries from 10% to 5%, raisins from 12% to 5%.

For wood and wood products, the group of wooden products (including products such as clothes hangers, thread spools, yarn tubes, sewing thread reels and similar products, wooden bars for making matches, etc.); the group of seats and parts of seats; wooden furniture have import tax reduced from tax rates of 20% and 25% to 0%.

Preferential import tax rate for liquefied natural gas (LNG) is reduced from 5% to 2%. For ethane, the preferential import tax rate is 0%. Preferential import tax rate for corn kernels is reduced from 2% to 0%; soybean meal is reduced from 1% and 2% to 0%.

Dantri.com.vn

Source: https://dantri.com.vn/kinh-doanh/chi-tiet-hang-hoa-viet-nam-khong-bi-ap-thue-doi-ung-46-cua-my-20250404101640825.htm