After the U.S. presidential election, Donald Trump is set to become the 47th President of the United States on January 20, 2025. Known for his love of tax policies, he stated, “Taxes are one of my favorite words.” During his campaign, he proposed a new tax rate of at least 10% on most foreign goods to reduce the trade deficit. Notably, imports from China could face tariffs as high as 60%. This article suggests to U.S. importers a quality and competitive source of natural stone from a Southeast Asian country.
Trump has identified China as one of the top challenges for the United States. Based on statements he made in August, it is likely that he may reignite a trade war with Beijing, similar to his previous term from 2017 to 2020, utilizing heavy tariffs as his primary tool. The anticipated new tariffs could reach as high as 60% on products imported from China. As a result, many importers currently sourcing goods from China are rushing to secure products before Trump takes office and implements his new tax policies.
Upon Trump's inauguration, Vietnam emerges as an ideal country for U.S. importers seeking a reliable supply of natural stone. On the diplomatic front, Vietnam and the United States have established a comprehensive strategic partnership as of September 2023. This partnership facilitates cooperative policies and socio-economic development across various sectors, which greatly enhances the prospects for business exchanges between the two countries. Moreover, over the past few years, Vietnam has positioned itself as a major global manufacturing hub, becoming a critical location within international supply chains.
Additionally, Trump is perceived as having favorable views towards Vietnam. During his presidency, he visited the country twice: first at the APEC Summit in 2017 and then during the historic Trump-Kim summit in 2019. Sources indicate that Trump may also visit Vietnam again after assuming office. Such visits set the stage for deeper diplomatic relations and economic development between the two nations, creating an environment conducive to business collaborations.
Considering the economic and political factors mentioned, Vietnam is poised to become a significant supplier of construction materials in general and natural stone in particular, making it a prime consideration for U.S. importers. Products from Vietnam are expected to be less affected by the new tax policies of the Trump administration. Notably, the quality and competitiveness of natural stone products from Vietnam are among the best in the world.
Additionally, U.S. contractors and home builders should consider partnering with Herdi, a reputable supplier of natural stone from Vietnam that specializes in high-quality stacked stone and mosaic tile made from marble. Herdi’s products stand out not only for their superior quality but also for their competitive pricing, which is typically 20-40% lower than other offline stores. The natural stone offerings from Herdi include a diverse range of options, such as polished and honed finishes, various color palettes, and unique textures that cater to different aesthetic preferences and architectural styles. This variety allows builders and designers to find the perfect materials for a wide array of projects, from residential homes to commercial developments. Furthermore, Herdi’s commitment to sustainable sourcing practices ensures that their products are not only beautiful but also environmentally responsible, appealing to the growing demand for eco-friendly construction materials.
