On April 4, the Customs Department (Ministry of Finance) provided a list of HS codes for exported Vietnamese goods that the US Government has included in the additional tax. The list is included in a newly issued US appendix on trade policy, focusing on metal products and electronic components.
The list is 37 pages long, but there are notable taxable items including many important metals in the industrial supply chain such as bismuth (white card), titanium (ti-tan), antimony (antimon), manganese (manganese), chromium (chromium), rhenium, thallium, gallium (gal), indium (indium), niobium (niobi) and Germanium (gemanium). These products are encrypted in detail according to HS codes, classified from whole, powdered, scrap to processed products.
Notably, the tax collection also extends to the group of semiconductor electronic components, including diodes, transistor (with a capacity of less than 1W and from 1W or more), thyristor, triac, optical isolator and other semiconductor electronic devices. These are indispensable components in the production of high-tech equipment such as smartphones, computers and telecommunications equipment.
The US imposition of tariffs on these items is expected to have a certain impact on Vietnam's export activities in the fields of high technology and metal products. Enterprises in the industry are waiting for more detailed information on specific tax rates and the official time of application to have a suitable response plan.
According to the record, this move is part of a series of trade measures that the US has recently increased to restructure the supply chain and control strategic products more closely. Vietnam is currently one of the major US export partners for some items in this list.
This list of HS codes will be an important basis for businesses to review export and production activities in the coming time. Enterprises proactively review the list of goods, update tax policies from key export markets to promptly adjust production and business plans.
