Vietnam has proposed eliminating all tariffs on U.S. imports in an effort to delay or prevent a steep 46% tariff imposed by President Donald Trump. The move underscores Vietnam's desire to maintain strong economic and strategic ties with the United States, a relationship that has grown significantly in recent years. The proposed tariff removal was outlined in a letter from Vietnam’s communist party dated April 5. Vietnam’s offer signals its willingness to make major concessions to avoid a trade conflict with the U.S. The situation highlights growing tensions in global trade policy under the Trump administration.
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Vietnam Offers to Drop U.S. Tariffs to Zero. Will That Be Enough for Trump?
In recent years Vietnam has forged strategic and economic links with the United States, its former foe, making the steep tariff rate all the more of a shock.
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