President Trump's latest tariffs have taken effect and sparked another wild day for companies,

countries and the global stock market. Live from the BBC World Service, this is the Marketplace

Morning Report. I'm Will Bain in for Leanna Byrne. Today, great as always to have your company.

Yeah, about 60 countries dubbed by the White House as the worst offenders when it comes to trade are now being charged higher import taxes on exports of their goods into the US.

China is now the hardest hit in the world as they face 104% tariffs.

We focused a lot on China this week, though, so we wanted to take you elsewhere amongst those hardest hit.

In a moment, we're going to hear about the impact on

long-term U.S. ally and key microchip maker Taiwan. But first, to Vietnam, which now faces

46 percent duties on exports. And as Adam Sikkoff, head of the U.S. Chamber of Commerce in

the capital, Hanoi, told us, it's not just U.S. consumers that could feel that, but companies too.

Morning, Adam.

Thanks for your time.

Good morning. Nice to be here.

First of all, worth perhaps reiterating for people, the scale and range of products that they might see every day on their shelves at home or perhaps online that are actually manufactured and come and shipped from

Vietnam. Well, sure. I think as American people, if they look in their kitchen and their bedroom

and their kids' room, they'll see that all kinds of stuff is made here in Vietnam, everything

from laptops and smartphones and TVs to a lot of the clothes they wear.

And a lot of that by design from American companies. Absolutely. It's mostly not Vietnamese

companies that are just deciding to make things and ship them off to America. This is American

multinational companies that are taking advantage of the world's

globalized economy that we have. So when we look at these new tariffs, we're saying, who does

it hurt? It's not so much that it's hurting Vietnamese companies. It's hurting the American

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