Vietnamese wood exporters worried on surging tariff pressures

Vietnamese wood businesses are closely monitoring market developments to swiftly craft solutions in response to volatile tariff policies on a global scale. Ngo Sy Hoai, Vice Chairman of the Vietnam Timber and Forest Products Association (Viforest), revealed that under normal conditions the wood product export goal would be achievable. However, in the current context of global trade turbulence it is hard to determine whether the target will be realised. The US President recently ordered an investigation under Section 232 of the 1962 Trade Expansion Act regarding wood and wood products. This could result in tariffs of up to ...