Vietnam's leader To Lam has requested a 45-day delay in U.S. tariffs to avert severe consequences for both the Vietnamese economy and American consumers. The proposed 46% tariff rate would have crippling effects, contrasting sharply with the growing U.S.-Vietnam relationship. In a letter, Lam proposed appointing a U.S. negotiator to discuss tariff reductions and offered to eliminate Vietnamese tariffs on U.S. goods. This move shows Vietnam's commitment to fostering trade ties, especially given its considerable reliance on the U.S. market.
President Lam’s appeal to President Trump highlights the urgent need for negotiations to avoid punitive tariffs that could severely impact both countries’ economies.
The proposal included appointing a U.S. representative for discussions, reflecting Vietnam’s proactive approach to engage and maintain strong trade relations with the U.S.
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