Vietnam Seeks U.S. Tariff Relief and Trade Access in New Deal Talks

Vietnam and the United States held a virtual trade negotiation on Thursday night, aiming to resolve tariff issues and enhance market access for Vietnamese exports. According to Vietnam’s Ministry of Industry and Trade, the discussions were led by Vietnamese Trade Minister Nguyen Hong Dien and included U.S. Secretary of Commerce Howard Lutnick and Trade Representative Jamieson Greer.

Minister Dien urged the U.S. to reconsider the high 46% tariff currently applied to various Vietnamese goods—a penalty largely attributed to Vietnam’s trade surplus with Washington. He emphasized the need for "reciprocal tariffs" and fair access to the U.S. market for key Vietnamese exports.

The ministry described the talks as "candid, friendly, and constructive," signaling progress in ongoing efforts to secure a bilateral trade deal. Vietnam has conducted multiple rounds of negotiations with the U.S. to protect its export competitiveness and minimize trade friction.

During the meeting, Dien expressed interest in establishing practical, mutually agreed-upon rules of origin that align with global supply chains. While details of the U.S. proposals were not disclosed, the ministry noted that Vietnam welcomed them as part of the ongoing dialogue.

Vietnam, a major manufacturing hub in Southeast Asia, is eager to expand its trade partnership with the U.S., especially as it navigates global supply chain shifts and rising export demand. Reducing punitive tariffs and establishing clearer trade terms are key to strengthening bilateral economic ties.

The negotiation reflects a broader effort by both nations to balance trade relations and support sustainable growth. As talks continue, businesses on both sides are watching closely for outcomes that could shape future commerce between the two economies.