Reported about 2 months ago
Vietnam is evaluating its import duties on U.S. products, focusing on liquefied natural gas (LNG), agriculture, and technology, in response to threats of reciprocal tariffs from the Trump administration. Prime Minister Pham Minh Chinh emphasized the need to increase imports of essential U.S. goods during a meeting with the U.S. ambassador, aiming to reduce the substantial trade surplus Vietnam has with the U.S., which exceeded $123 billion in 2024. As Vietnam seeks to strengthen business ties and navigate potential tariffs, key discussions are ongoing with U.S. trade officials, and over 60 U.S. corporations plan to visit Vietnam soon.
Source: YAHOO