Vietnam’s steel and aluminum pose no threat to US manufacturers: MinistryThe steel and aluminum imports from Vietnam only serve the purpose of civil construction, not being used for infrastructure construction or security-defence industry, and as such do not compete directly with manufacturers of the United States, announced the Vietnamese Ministry of Industry and Trade (MOIT) on March 9. Accordingly, a number of steel and aluminum products imported to the US will be subject to a 25% tariff and a 10% tariff, respectively. The MOIT continued to affirm its stance that steel and aluminum imports from Vietnam do not provide direct competition for US manufacturers. The volume of steel and aluminum imports from Vietnam only accounts for a negligible share of the US’s total steel and aluminum import volume, so it cannot be a threat or a cause of damages to the steel and aluminum production industry of the US, the ministry said. It stated that the newly issued policy would directly impact US consumers and the US industries that use steel and aluminum products as input materials for their production.