Global X MSCI Vietnam ETF Price & Performance (VNAM)

Following the U.S. administration's announcement of sweeping new tariffs—26% on Indian goods, 24% on Japanese, 34% on Chinese, and a steep 46% on Vietnamese imports—ETFs tracking these markets saw significant losses. Vietnamese-focused funds were among the hardest hit, with some dropping over 6% in after-hours trading.123

U.S. and international equities experienced heightened volatility after new tariffs were imposed on major Asian economies. Investors had anticipated softer trade policies, but the latest actions have dampened sentiment. Analysts expect ongoing turbulence as markets digest the impact, though long-term growth drivers like AI and automation remain intact.123

International stocks had outpaced U.S. markets earlier in 2025, but the landscape shifted with the introduction of retaliatory tariffs. While the immediate outlook is uncertain and volatility likely to persist, experts maintain that secular growth trends—particularly in technology and infrastructure—will continue to support corporate performance over time.123