TaxFlash Issue No.04/2025

THE UNITED STATES OF AMERICA IMPOSES RECIPROCAL AD VALOREM RATE OF DUTY AT 46% ON IMPORTS FROM VIETNAM

On 2 April 2025, President Trump signed an Executive Order (“the Order”) that sent shockwaves through the global trading system. The Order imposes tariffs on imports from more than 180 countries and territories, citing a national emergency stemming from the persistent and significant annual U.S. goods trade deficits, as outlined in Section 1 of the Order.

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