Vietnam is the 6th largest source of U.S. imports. If the U.S. government’s reciprocal tariffs reach levels suggested in April, it could change the country’s economic trajectory. Higher tariff rates are expected to cost U.S. households thousands of dollars. The White House says the new duties on imported goods will cut down on unfair trade practices abroad, putting the United States in a more competitive position against emerging manufacturing powerhouses in south east Asia. Chapters 0:00 Introduction 01:14 Consumer goods 03:04 The China +1 strategy 05:11 Trade deficits Produced and Edited by: Carlos Waters Senior Director of Video: Lindsey Jacobson Graphics: Mallory Brangan, Jason Reginato Additional footage: Getty Images Additional sources: International Energy Agency, Northern Trust, U.S. Census Bureau, U.S. International Trade Administration, U.S. Trade Representative, White House, Yale University » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Do you want a new career that’s higher-paying, more flexible or fulfilling? Take CNBC’s new online course - How to Change Careers and Be Happier at Work. Pre-register today and use coupon code EARLYBIRD for an introductory discount of 30% off $67 (+taxes and fees) through May 13, 2025: https://cnb.cx/4igNyqZ Connect with CNBC News Online Get the latest news: https://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC Follow CNBC on Threads: https://cnb.cx/threads Follow CNBC News on X: https://cnb.cx/FollowCNBC Follow CNBC on WhatsApp: https://cnb.cx/WhatsAppCNBC #CNBC #china #vietnam #tariffs Why Trump Slapped High Tariffs On Countries Like Vietnam