📅 In April 2025, the United States announced a 46% reciprocal tariff on various Vietnamese imports to address trade imbalances. While the full list of affected products has yet to be released, preliminary information indicates that the cashew sector — one of Vietnam’s top export earners — could face direct or indirect impacts.
📦 Vietnam’s Cashew Export Share to the U.S.
🇺🇸 The U.S. accounts for over 30% of Vietnam’s total cashew export value, worth more than $1.1 billion in 2024. For years, Vietnamese cashews have held a leading position in the U.S. market thanks to consistent quality and a 0% import tariff.
⚠️ Risks of Losing Preferential Tariff Benefits
If cashews are included in the new tariff list:
- 📈 Exporters will lose their pricing advantage, especially against competitors like India and Ivory Coast.
- 💰 Higher prices may reduce demand from U.S. buyers.
- 📉 Long-term contracts could be renegotiated or canceled.
Even if cashews are not directly targeted, the market’s reaction and associated costs (e.g., logistics, risk management) are expected to rise, reducing profit margins.
🛠️ Short- and Long-Term Coping Strategies
- 🌍 Expand exports to more politically stable markets such as the EU, Japan, and the Middle East.
- 🤝 Strengthen negotiations with U.S. buyers by emphasizing quality and supply reliability.
- 🧭 Closely monitor U.S. tariff policies to respond promptly.
✅ Conclusion
Vietnam’s cashew industry is entering a challenging phase. Proactive adaptation and enhanced competitiveness will be critical for exporters to weather global trade fluctuations.
📚 Sources:
- vietnamnews.vn
- sggp.org.vn
- kaifarm.uk
- bloomberg.com
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