Tesla, Samsung oppose new US tariffs on Vietnam
The US government is considering imposing new tariffs on Vietnamese goods by November 29, following a trade probe into alleged intellectual property violations. However, some companies oppose this move, with Tesla and Samsung expressing concern over the potential impact on their supply chains. Samsung, the largest foreign investor in Vietnam, warned that tariffs could hinder the production of its smartphones and network equipment for the US market.
Other affected industries include steel, seafood, plywood, solar panels, and wood products, as well as copyright holders like Microsoft, Oracle, and IBM, who cited widespread software piracy in Vietnam. The Business Software Alliance reported that about three-quarters of software installed on Vietnamese computers was unlicensed.
Additionally, the Motion Picture Association accused Vietnam of being a major hub for online piracy, hosting websites that distributed stolen content to over 12.5 billion visitors globally. Despite these concerns, Vietnam's exports to the US surged 42% in the first eight months of 2024 compared to the same period in 2023, resulting in the largest goods surplus between the two countries since 2023.
Written by urgent.news from The Economic Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
