🔍 LATEST DEVELOPMENTS IN U.S. TRADE POLICY
On April 9, 2025, U.S. President Donald Trump announced a 90-day suspension of the proposed 46% import tariffon goods from Vietnam. This move provides a critical window of opportunity for Vietnam’s export sectors, especially the cashew industry, which had been among the key sectors at risk under the proposed policy.
📦 CASHEW INDUSTRY – A STRATEGIC SECTOR AT RISK
The U.S. accounts for 25–27% of Vietnam’s total cashew export value, with more than $1.1 billion in 2024 alone. If the 46% tariff had taken effect, Vietnam’s cashews would have lost their competitive edge, especially against exporters from India and Ivory Coast who enjoy preferential terms.
Before the suspension was announced, many exporters had:
- Delayed or paused new contracts.
- Rescheduled shipments.
- Faced potential risks of canceled long-term agreements due to pricing uncertainty.
📈 OPPORTUNITIES ARISING FROM THE 90-DAY WINDOW
The temporary suspension unlocks several opportunities:
- Accelerate shipments of pending orders before the tariff is re-evaluated.
- Restructure export strategy to focus on deep-processed, higher-value products.
- Strengthen negotiations with U.S. buyers, emphasizing consistent quality and supply reliability.
- Expand into alternative markets such as the Middle East, Japan, and South Korea to reduce market dependency.
⚠️ PERSISTING CHALLENGES
Despite the pause, the cashew industry still faces uncertainty:
- Tariff list remains unclear, meaning cashew products may still be affected after 90 days.
- Volatile logistics costs and exchange rate fluctuations continue to pressure export profitability.
- Uncertainty in global buyer sentiment, with some importers hesitant to commit.
📌 CONCLUSION
The U.S. tariff suspension is a positive sign but must be used strategically. Exporters should:
- Accelerate pending exports.
- Focus on high-value cashew processing.
- Diversify markets and monitor U.S. trade negotiations closely.
💎 SVC remains committed to empowering Vietnam’s cashew sector with modern production, value-added processing, and a global export network.
📚 SOURCES:
- vnexpress.net
- vietnam-briefing.com
- bloomberg.com
- nhandan.vn
- vietnamnet.vn
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