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Seoul, Hanoi Pledge Deeper Ties as US Tariffs Shake Up Trade
The Straits Times
|August 12, 2025
South Korea and Vietnam pledged deeper economic and strategic cooperation as their leaders held a summit on Aug 11, with the export-dependent countries trying to shore up longstanding supply chains while US President Donald Trump's tariffs shake up global trade.
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SEOUL - South Korea and Vietnam pledged deeper economic and strategic cooperation as their leaders held a summit on Aug 11, with the export-dependent countries trying to shore up longstanding supply chains while US President Donald Trump's tariffs shake up global trade.
There was no public discussion of the levies — 15 per cent on South Korean products going to the United States and 20 per cent for Vietnamese goods — as South Korean President Lee Jae Myung hosted Vietnam's To Lam as his first state guest since taking office in June.
But Mr. Trump's tariffs on products from Asian countries have increased uncertainty over future business commitments, with Vietnamese official data showing a slowdown in new investment.
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