For the workers’ troops in the Vietnam factory, the mathematics of livelihoods was quite complicated before announcing the tariff on the products that President Trump made.
Abuine Thi Touate Hanh worked for two factories six days a week after losing his husband’s job in 2021.
40 -year -old Mrs. Hanah says, “It was cruel.” Her husband has been working for a full -time factory again, but Mr. Trump’s plan to keep 46 percent tariff on import from Vietnam has been hanging on their families, which lives in a row of concrete on the outskirts of Ho Chi Minh City.
“My family lived through that difficult time – I don’t want to live again,” Mrs. Hanh said, who earns $ 577 in a month to make shoes for Nike, making shoes for French Sporting Goods company Salomon and other global brands.
Fear is returning to its factory floor, living with sewing machines that sew the fabric for shoes sent to the United States. Mr. Trump paused in Vietnam and a few dozen other countries for 90 days to break similar tariffs. However, it is rarely important here. The unstable potential of re -establishing tariffs is already moving away from the economic growth of Vietnam, which depends on making things for American customers.
Vietnam textile and garment factories have paper-lean margin of 5 percent, officials said. Some of them have increased production to remove orders before the tariff deadline in July, others have begun to cut off jobs or hiring a frost since American retailers have begun to cancel the order.
In the last 15 years no country has grown as an economy in the last 15 years than Vietnam. However, at that time, it has also become increasingly dependent on US demand, which contributed more than a quarter of last year’s economy.
“Everyone is now living with great uncertainty,” said Tran Nahu Tung, chairman of the Thanh Congress with a mill in five places and a mill in five places. It is, 000, workers make clothing for AD Bauer, New Balance, Adidas and others.
In the United States, Mr Tung customers have begun to say to the Thana Congog to lower the price. “This is a great pressure for the organization because the profit margin is very low,” he said.
Immediately after the announcement of the tariff, the operating party of the Thanh Congress began to discuss other territory where it could sell its belongings like the Middle East and Europe. The company is also talking to its American customers to ensure that they can carry large new import taxes.
Mr. Tung said, “I don’t want to give up people.” “We try everything to keep our people here.”
The Than the Than the Than the Congag has received a request to increase some production of its American retailers and the agency is trying to adjust it. Mr Tung is hopeful that his government can make an agreement with the Trump administration. The two countries will be important for the future of its business.
Mr. Trump has called him to Lam, a top leader of Vietnam, and proposed to reduce tariffs on American imports, calling for the United States to follow in about 605 countries. He then sent a letter to Mr. Trump and requested the President to meet with Washington in late May and requested to “come to an agreement jointly”.
Mr Tung, who also said the Vice -Chairman of the Vietnam Textile and Apparel Association, that most factory breaking points will be the final tariff, which was more than 20 percent.
Vietnam clothing is currently taxed at about 20 percent. In addition to the existing tariff of about 18 percent on all Vietnamese clothing, the Trump administration includes 10 percent new tariffs in all countries on April 2. 20 percent or more will eat deeply for a final duty factory and their customers for both profits.
“In this scene the factory has to reduce its net margin and then big buyers of the United States will have to reduce their margin and give customers more money for their clothing,” he said.
Although the issues look bad for Vietnam, there is hope that it is the answer that will rent a better rent than China’s neighbor, which has been especially strictly damaged by US tariffs. The loss of China may be Vietnam’s profit. However, the failure to reduce the percent percentage is a moment of counting for thousands of Vietnamese companies that create things to send to the United States.
For Mian clothing, this is the uncertainty which is most worrying. Its seven factories and two laundries, mostly in North Vietnam, employed 12,000 workers who make swimwear, jeans and jackets for brands like Costco, Jesse Penny, Carter, Target, Gap and Walmart.
“Uncertainty is not good for the business,” Vu Mano Hang says Mian Aperel’s deputy chief operating officer. The clients are pressing him to supply the product quickly. Factories are receiving more workers and looking for other ways to produce more before giving a 90 -day break at the end of the tariff.
Train Koang, executive of a candle and home aroma company, said he had not dismissed any worker in three factories of his company.
However, he is concerned because the next few months are usually the top season for his company, which he requested not to name. It is only when its factories fill the orders for the Christmas season. He usually holds Mr Koyang tightly instead of hiring more workers as he does at this time.
About 90 percent of his company’s customers are in the United States. He has not heard anything from them for weeks after the announcement of the tariff. It was worrying because the orders usually come weekly. In recent days, some clients have begun to cancel the order when others are shutting down newcomers.
Some experts say that if the United States and Vietnam cannot come to an agreement, the Trump administration can increase the tariff break.
For factory and their staff, it will be just as bad as high tariffs.
“If there is any uncertainty, customers may rewrite their supply chain,” said Mr Koyang. “Why should they wait for more than 90 days? What if the results are bad?”
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