🇻🇳 Vietnam vs 🇵🇪 Peru Tariffs — Import Duty Comparison (2026)

Vietnam and Peru are both significant US trading partners, but their tariff profiles differ in important ways that affect import costs.

Both countries face the same base tariff rate of 10% on most goods entering the United States.

Both countries export Textiles, Coffee to the United States, creating direct competition in these sectors.

In terms of trade volume, Vietnam accounts for approximately $127B in bilateral trade with the US, exceeding Peru's $18B.

Both countries are subject to the 10% Section 122 tariff imposed on February 24, 2026, following the Supreme Court's ruling striking down IEEPA tariffs. This rate expires approximately July 24, 2026 unless Congress extends it.

Vietnam's advantages include: Higher US trade volume ($127B vs $18B); Unique export categories: Electronics, Footwear, Machinery. Peru's advantages include: Trade agreement: US-Peru TPA (duty-free on qualifying goods); Unique export categories: Gold, Copper, Zinc.

With equivalent base tariff rates, the choice between Vietnam and Peru depends primarily on product-specific duties, shipping costs, lead times, and supply chain considerations rather than the base tariff rate.