The United Nations Development Programme estimates that the August US tariffs could cut up to one-fifth of Vietnam's exports to the US, making it the most severely affected nation in Southeast Asia. According to US trade data, Vietnam ranked sixth globally in terms of exports to the United States last year, with $136.5 billion in shipped goods. Following the implementation of the US tariffs, the World Bank lowered its growth projections for Vietnam for this year. About 28% of Vietnam's total exports to the United States are consumer electronics, which are currently exempt from tariffs. Schellekens noted that Vietnam's US exports might still drop by $18 billion even if Washington maintained those waivers.