U.S. stocks plummeted by market close on Friday as President Donald Trump’s sweeping tariffs continue to rattle markets across the

Vietnam had a trade surplus of $123.5 billion with the U.S. last year, leading analysts to warn earlier this year that the country was most at risk. Hanoi had tried to win itself a reprieve by preemptively cutting import duties in the lead-up to April 2.

If the average tariff rate passes 20%, that could push the US into stagflation territory and give the economy a growth shock, Citi says.

China announced that it will impose reciprocal tariffs on all United States imports. Who pays these taxes? Will it affect you?