Vietnam Increases Negotiations with US to Lower High Tariff

Reported about 9 hours ago

Vietnam and the US engaged in direct ministerial-level talks to negotiate the reduction of a 46% tariff on Vietnamese imports, which poses a significant threat to Vietnam's economic growth. The discussions, held in South Korea, follow prior communications between trade officials and aim to strengthen bilateral trade relations. The US has delayed the tariff implementation until July, prompting Vietnam to take steps to decrease its trade surplus and adjust tariffs on goods destined for the US.

Source: YAHOO

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