Samsung and Tesla oppose potential new U.S. tariffs on Vietnamese goods. They caution these measures could disrupt supply chains and increase costs. The U.S. government nears a November 29 deadline to conclude a trade investigation. This probe into Vietnam's intellectual property practices began in May.
In submissions to the U.S. Trade Representative, both companies highlighted Vietnam's crucial role in their manufacturing. Tesla relies on Vietnamese suppliers for advanced components. These components are not readily available from domestic sources. Samsung, the largest foreign investor in Vietnam, produces a significant portion of its U.S. market smartphones and network equipment in the country. Some U.S. industry groups support the tariffs, citing unfair trade practices. However, tech and manufacturing firms worry about increased operational expenses.