The commercially available Southeast Asian country is faced with 46 percent under Trump’s so -called ‘mutual’ tariffs.
Vietnam and the United States started the trade talks, according to the Vietnamese government, when Hanoi followed a paralyzing 46 percent tariff announced by US President Donald Trump.
The Vietnamese Minister of Industry and Trade Nguyen Hong Dien and the US trade representative Jamieson l Greer gave a call to officially initiate their negotiations on “bilateral economic and trade issues”, the Vietnam Ministry of Commerce announced on Thursday.
Nguyen said Greer that Vietnam is developing a “comprehensive strategic partnership” with the United States and “wants to promote economic and trade relationships on balanced, stable, sustainable and effective ways,” said the Ministry.
“He found that Vietnamese ministries and agencies are willing to negotiate solutions for questions from the United States and to work with the United States to find appropriate solutions that benefit both sides, based on the spirit of harmonized interests and common risks,” said the service and added that Grer expressed the two sides “soon to promote suitable solutions to promote stable and brave to give usable and momend economy. “
Vietnam is one of the most commercial economies in the world. According to the World Bank, his exports in 2023 are more than 87 percent of the gross domestic product (GDP).
Trump’s 46 percent tariff on Vietnamese exports is one of the highest tax rate that is imposed on a trading partner among his so -called “mutual” tariffs.
Since Trump announced a 90-day break for most of his steepest tariffs on April 9, Vietnamese exports, such as those from dozens of other countries, have been subject to 10 percent.
Vietnam had a trade surplus of $ 123.5 billion with the USA last year, the fourth largest imbalance to China, the European Union and Mexico.
