US EditionUS tells Vietnam trade deficit 'unsustainable' and major concern during tariff talks
- On Friday in Jeju, South Korea, Vietnam and the United States conducted their inaugural face-to-face ministerial talks focused on tariffs.
- The talks followed a phone call last month and came amid a planned reciprocal U.S. Tariff of 46% on Vietnamese imports, scheduled for July.
- Vietnam relies heavily on exports to the U.S., which is its largest export market and accounts for a $123.5 billion trade surplus last year, ranking fourth among U.S. Partners.
- U.S. Trade Representative Jamieson Greer supports Vietnam’s current proposals, and Vietnam has reduced tariffs and cracked down on transshipment to address U.S. Concerns about trade imbalance and fraud.
- The negotiations symbolize both countries’ commitment to a stable economic relationship but suggest that Vietnam’s growth could be disrupted if the tariff is enforced as planned.
12 Articles
12 Articles
Colorado Springs Gazette
Vietnam steps up talks with US to reduce hefty tariff
HANOI (Reuters) -Vietnam and the United States held their first direct ministerial-level negotiations on Friday against the backdrop of an impending U.S. tariff of 46% on imports from the Southeast Asian nation, which could significantly impact its growth.
US tells Vietnam trade deficit 'unsustainable' and major concern during tariff talks
HANOI - The United States has told Vietnam its trade deficit with the Southeast Asian country is "unsustainable" and a major concern, Vietnamese state media reported on Friday, as the two countries hold negotiations on tariffs.
US tells Vietnam trade deficit 'unsustainable' and major concern during tariff talks
HANOI :The United States has told Vietnam its trade deficit with the Southeast Asian country is "unsustainable" and a major concern, Vietnamese state media reported on Friday, as the two countries hold negotiations on tariffs.Vietnam has been holding talks with the U.S., its largest export market, to persuade
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