intel

"The very fluid trade policies in the US and beyond, as well as regulatory risks, have increased the chance of an economic slowdown with the probability of a recession growing," said Intel's chief financial officer, David Zinsner, during a call with investors.

Technology giant Intel, footwear maker Skechers and consumer goods firm Procter & Gamble, have either cut their profit forecasts or withdrawn them citing economic uncertainty.

Intel's shares dropped by more than 5% in extended trading after those remarks.

The US market is crucial to Vietnam, an emerging electronics powerhouse where manufacturing giants like Samsung, Intel and Foxconn, the Taiwanese firm contracted to make iPhones, have set up shop.

For instance, American businesses including technology giants Apple and Intel, and sportswear giant Nike have large factories in Vietnam.