The tariffs will hack at the root of Vietnam’s export-oriented economic model. In recent years its economy has benefited from manufacturers diversifying away from China, growing by an average of 7% a year over the past decade (excluding the pandemic).

In recent years Vietnam has forged strategic and economic links with the United States, its former foe, making the steep tariff rate all the more of a shock.

Deputy Prime Minister Bui Thanh Son met with the U.S. ambassador to Vietnam, Marc E. Knapper, on Sunday and reiterated his country's willingness to lower the import tariff rate on U.S. products to zero in hope of postponing the onset of the new tariffs, according to a government dispatch.