Vietnamese exporters are seeking strategic solutions to mitigate the impact of potential US tariffs on lumber and forest products.

The US Department of Commerce has launched an investigation into sawnwood imports with potential tariffs of up to 25% on wood and forestry products set to take effect in April. The prospect of these tax changes has raised alarm among Vietnamese wood industry players as they could have a profound impact.

Mr. Ngo Sy Hoai, Vice President and General Secretary of the Vietnam Timber and Forest Products Association (VIFORES), emphasised that the proposed tariffs would create serious challenges for businesses in both countries. In response, VIFORES and key businesses in the sector are closely monitoring developments and preparing for potential countermeasures.

The Association is ready to answer any inquiries from US authorities and to participate in hearings if requested.