Hanoi, April 8 -- Industry leaders are crafting diversification strategies and calling for calm as Vietnam's textile and footwear exports to the US potentially face new tariffs. The Trump administration has announced a 10% tariff on all imports into the North American country while higher rates could be imposed on major trading partners, including a substantial 46% tariff on Vietnamese goods, with the textile and footwear sector among the hardest hit. According to Chairman of the Vietnam Textile and Apparel Association (VITAS) Vu Duc Giang, of Vietnam's total textile and garment exports worth over 44 billion USD in 2024, the US market accounted for 40%. If the US implements the announced 46% reciprocal tariff, Vietnamese textile and garme...