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2w ago

U.S. Rejects Vietnam's Tariff Reduction Offer, Citing Broader Trade Concerns

With a 46% tariff on Vietnamese imports set to begin April 9, the U.S. has dismissed Vietnam's proposal to eliminate tariffs on U.S. goods, citing non-tariff trade practices as the primary issue.

European Union flags flutter outside the EU Commission headquarters in Brussels, Belgium, January 18, 2018. REUTERS/Francois Lenoir/File Photo
Vietnam's Communist Party General Secretary To Lam delivers his statement during a press conference at the Presidential Palace in Jakarta on March 10, 2025. Trade advisor to U.S. President Donald Trump Peter Navarro speaks to press outside of the White House on March 12, 2025 in Washington, DC.
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Overview

  • The U.S. rejected Vietnam's offer to reduce tariffs on U.S. goods to zero, emphasizing that non-tariff trade practices remain the core concern.
  • The 46% tariff on all Vietnamese imports, announced by President Trump on April 2, is scheduled to take effect on April 9, despite Vietnam's request for a delay.
  • Peter Navarro, a senior trade adviser, described Vietnam as a key example of 'non-tariff cheating,' citing practices such as rebranding Chinese exports and currency manipulation.
  • Vietnamese President To Lam has invited President Trump to negotiate in May, seeking a resolution to the escalating trade dispute.
  • The tariffs are part of a broader U.S. trade policy shift under the Trump administration, which has sparked global market instability and drawn criticism from economists and trade experts.