As President-elect Trump prepares to return to the White House, major trading partners, including Vietnam, are voicing concerns over changes in US trade policy (Yahoo [Reuters], CNBC, MSN [Bloomberg]). The question will be suspended on 31 December 2025 and the outcome determined using data as reported by the US Census Bureau's USA Trade Online (USA Trade, free registration required). After logging in, click "Imports" next to "Harmonized System (HS) District-level Data." From here, you will add parameters under "Report contents" on the left side of the page. 1) Click "Measures," then find and select both "Customs Value (Cons) ($US)" and "Calculated Duty ($US)." 2) Leave "Commodity" unrevised, as it defaults to "All Commodities." 3) Click "Country," then click the "+" next to "World Total," then find and select "Vietnam" (you will need to click the down arrows next to ‘Members 1-200 of 246’ to show countries at the bottom of the alphabetical list). 4) Click "Time," and select the periods for which you want data. Months must be individually selected for a year. After those entries, click "Report" in "USA Trade Home --> Data Source Selection --> Report Contents --> Report" near the top of the screen. Export options are available by clicking the icon of the green arrow pointing down. To calculate the effective tariff rate for the quarter, divide the total "Calculated Duty ($US)" value by the total "Customs Value (Cons) ($US)" value. In the fourth quarter of 2023, the effective tariff rate was 3.568%, down from 4.607% in the fourth quarter of 2022. Past annual and monthly import data may be viewed by downloading this xlsx file (Download).

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