Vietnam Offers to Remove Tariffs on U.S. Imports Amid Trump’s Duties

Vietnam has proposed to eliminate tariffs on U.S. imports in a strategic move to ease tensions amid the ongoing trade disputes initiated by former President Donald Trump's administration. This offer comes as Vietnam celebrates its Liberation Day, aiming to foster better economic relations with the United States. The proposal has sparked varied reactions, with former Trump advisor Peter Navarro arguing that the tariff removal is insufficient to address what he describes as Vietnam's 'non-tariff cheating' in trade practices.

Analysts suggest that Vietnam's move could be a calculated effort to navigate the complexities of global trade dynamics, especially in light of Trump's aggressive tariff policies. The U.S. has been pushing for more equitable trade, and Vietnam's gesture might be seen as a step towards reconciliation. However, Navarro's comments indicate that deeper issues in trade practices remain a significant concern for the U.S.

The proposal comes at a critical time when global trade relationships are under scrutiny, and countries are seeking ways to strengthen economic ties amidst geopolitical tensions. Vietnam's offer to remove tariffs could set a precedent for other nations in similar situations, potentially influencing future trade negotiations.

• Donald Trump
• Liberation Day
• Peter Navarro
• Vietnam

Detailed

Vietnam offers to remove all tariffs on US after Trump action

1 day ago

- fortune

Trump’s tariffs will pummel Vietnam

12 hours ago

- economist

Vietnam's Tariffs Offer Rejected by Trump Adviser—'Not a Negotiation'

14 hours ago

- newsweek

In Vietnam’s Streets and Factories, Boom Built on U.S. Trade Suddenly Looks Fragile

2 days ago

- wsj

Vietnam's Offer of Zero Tariffs on U.S. Goods Won’t Cut It, Navarro Says

13 hours ago

- barrons

Related issues news

What does Vietnam charge us for tariffs?

According to the most recent report of the US Trade Representative Office, the average import tax rate of Vietnam's tariffs is 9.4%, major US products exported to Vietnam are subject to import tax rates of 15% or lower, so in fact, Vietnam's taxable products are much lower than the calculated 90% or 46%, Vietnam's ...

What is the new tariff on Vietnam?

For Vietnam, this 46 per cent tariff — among the highest imposed — applies to all goods entering the US, a market that absorbed US$142 billion of Vietnamese exports in 2024, according to US statistics.

What does the US export to Vietnam?

The main products exported from United States to Vietnam were Broadcasting Equipment ($779M), Raw Cotton ($750M), and Integrated Circuits ($637M).

How are tariffs collected in the US?

The tariff, along with the other assessments, is collected at the time of customs clearance in the foreign port. Tariffs and taxes increase the cost of your product to the foreign buyer and may affect your competitiveness in the market.