The elected President of the USA, Donald Trump, once stated during his campaign that he would impose a 10% to 20% tariff on all USA imported commodities. In response, the textile and outfits industry in Vietnam has started preparing countermeasures. They heavily rely on china's raw materials and technology, hoping to deepen cooperation with Chinese companies and find new market models and directions. By 2024, Vietnam's clothing and textile industry's export volume is expected to reach 44 billion USD, with the USA being its largest export destination, and the export volume is expected to reach 16.7 billion USD. Some scholars point out that once Trump's new tariff policy is implemented, it will bring significant impact to Vietnam. (CCTV Finance)