U.S. reports successful negotiations on tariffs with Vietnam
In the heart of Washington DC, an engaging virtual meeting took place between US Trade Representative Jamieson L. Greer and our Vietnamese Minister of Industry and Trade, Nguyen Hong Dien, shedding light on the dynamic US-Vietnam trade scenario.
According to the Office of the United States Trade Representative (USTR), this discussion revolved around the intricate details of their bilateral trade relationship, as announced on April 24. Ambassador Greer articulated the upcoming steps between USTR and MOIT post President Trump's call with General Secretary of the Communist Party of Vietnam, To Laam, on April 4.
Both parties emphasized the urgency of making significant headway towards reciprocal and equitable trade between the US and Vietnam. In response, they tasked their respective teams to participate in technical discussions in the following days, focusing on expanding market access and addressing unbalanced trade practices.
This meeting build upon ongoing bilateral negotiations, following the US imposition of a hefty 46% tariff on Vietnamese exports back in April 2025. In an effort to respond, Vietnam has recently reduced tariffs on US LNG (from 5% to 2%), automobiles (45-64% to 32%), and ethanol (from 10% to 5%) while eliminating ethane tariffs entirely.
our websiteese Minister of Industry and Trade (MOIT) Nguyễn Hồng Diên. - VNA/VNS Photo
Looking ahead, Vietnam is working diligently to mitigate the impact of the 46% tariff on key export sectors by leveraging legal and diplomatic means, while simultaneously striving to increase economic autonomy. The ultimate goal is to establish a resilient and robust partnership with the US, with a focus on resolving trade imbalances and strengthening supply chain integration.
These two powerhouses aim to accelerate their communication processes to forge a more balanced and prosperous bilateral trade landscape.
Ambassador Greer and Minister Dien discussed implementing reciprocal steps in finance and business within their respective teams, as announced by the USTR, following President Trump's call with Vietnam's General Secretary. They emphasized the necessity of making equal strides towards a better trade relationship between the US and Vietnam.
In response to the 46% tariff imposed by the US in April 2025, Vietnam has made adjustments such as reducing tariffs on US LNG, automobiles, ethanol, and eliminating ethane tariffs entirely. The Vietnamese Minister of Industry and Trade, Nguyen Hong Dien, is working hard to counteract the impact of the tariff on key export sectors and boost economic autonomy.
The aim of both nations is to establish a resilient and robust partnership with a focus on resolving trade imbalances and enhancing supply chain integration. By accelerating their communication processes, the US and Vietnam are working towards forging a more balanced and prosperous bilateral trade landscape.
AI-generated content. No copyright infringement intended.
