Vietnam determined to tackle U.S. concerns about steel exports
The U.S. Commerce Department on Tuesday said it would slap tariffs of up to 456% on certain steel produced in South Korea or Taiwan which is then shipped to Vietnam for minor processing before being exported to the United States.
“We will be determined in managing the situation, handling the violations and handling the breaches,” Dinh Tien Dung said in an interview through an interpreter.
He added that while there would be some economic impact from tariffs, the impact in the immediate future will not be that high because steel exports are not the biggest share of exports to the U.S..
He declined to say whether Vietnam would consider retaliatory tariffs, adding “we first need to review the situation.”