Vietnam hopes to stop Trump’s US tariffs with trade talks
Vietnam is sending its top trade official to the US in an effort to de-escalate trade tensions and avoid potential tariffs that could harm its export-driven economy. Trade Minister Nguyen Hong Dien will meet with US officials, including the Commerce Secretary and the US Trade Representative, to discuss bilateral trade agreements and address US concerns.
The US has a significant trade deficit with Vietnam, reaching $123.5 billion in 2024, making it the third-largest deficit after China and Mexico. This has drawn scrutiny from the US, which is considering tariffs as part of its "America First" trade policy. Vietnam aims to maintain positive relationships with both the US and China, its top trading partners, and is among several nations seeking exemptions from potential US tariffs. Discussions are expected to cover topics like energy deals and preventing fraudulent labeling of product origins.
via SCMP Full Text Feed
Vietnam is sending its top trade official to the US in an effort to de-escalate trade tensions and avoid potential tariffs that could harm its export-driven economy. Trade Minister Nguyen Hong Dien will meet with US officials, including the Commerce Secretary and the US Trade Representative, to discuss bilateral trade agreements and address US concerns.
The US has a significant trade deficit with Vietnam, reaching $123.5 billion in 2024, making it the third-largest deficit after China and Mexico. This has drawn scrutiny from the US, which is considering tariffs as part of its "America First" trade policy. Vietnam aims to maintain positive relationships with both the US and China, its top trading partners, and is among several nations seeking exemptions from potential US tariffs. Discussions are expected to cover topics like energy deals and preventing fraudulent labeling of product origins.
via SCMP Full Text Feed
