Jul 16, 2025 20:37

[SMM Analysis: Will Vietnam's ESS Battery Exports Bear the Brunt of the US's New Tariff Announcement?] SMM News on July 16: It is reported that since early July, the US has been sending letters to multiple countries announcing that new tariffs will take effect on August 1 and apply to "all goods". Meanwhile, during the long weekend of "Independence Day", US President Trump stated that countries without trade agreements with the US will face punitive tariffs of up to 70% starting from August.