The Southeast Asian state, which relies on trade, is facing 46 percent of Trump’s mutual fees.
The Vietnamese government said that Vietnam and the United States have started commercial talks, while Hanoi is scrambling to avoid a 46 -cent Child tariff announced by US President Donald Trump.
The Vietnam Ministry of Commerce said on Thursday that the Vietnamese Minister of Industry and Trade, Ngawin Hong Dean and the representative of the American Trade, Jameson El Jarir, made a phone call to officially start their negotiations on “bilateral economic and commercial issues”.
Ngawin Jarir told Vietnam that she wants to develop a “comprehensive strategic partnership” with the United States and strengthen “economic and commercial relations in a balanced, sustainable and effective way.”
The ministry said: “He indicated that the ministries and Vietnamese agencies are ready to negotiate solutions to our issues and work with the United States to find reasonable solutions that benefit from both sides, based on the spirit of harmonious interests and common risks,” adding that Jarir expressed his confidence that the two sides “will soon reach appropriate solutions to dress and benefit.”
Vietnam is one of the most trading economies in the worldWith its exports in 2023, more than 87 percent of GDP (GDP), according to the World Bank.
The Trump tariff is 46 percent on Vietnamese exports among the highest tax rate imposed on a commercial partner under the so -called “mutual” tariffs.
Since Trump announced a temporary stop of 90 days on most of his most severe tariff on April 9, Vietnamese exports, like dozens of other countries, underwent 10 percent of the baseline.
Vietnam had a $ 123.5 billion trade surplus with the United States last year, and is the fourth largest defect after China, the European Union and Mexico.
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