HANOI (Reuters) -Vietnam is reviewing its duties on U.S. goods, including on liquefied natural gas, agriculture and high-tech products, Prime Minister Pham Minh Chinh told the U.S. ambassador to the country, a report on the government’s website said.
The Southeast Asian industrial hub, which is heavily reliant on exports to the United States and has a large trade surplus with Washington, is scrambling to avoid reciprocal tariffs that the Trump administration has threatened globally to reduce America’s trade deficit.
Chinh said “relevant ministries, sectors and agencies are actively reviewing import tariffs on goods from the United States, encouraging increased imports of key U.S. products that Vietnam needs, especially agricultural products, liquefied gas and high-tech products,” the report on the government portal said.
Chinh met U.S. ambassador Marc Knapper on Thursday.
A delegation led by Vietnam’s trade minister Nguyen Hong Dien is currently in the United States and plans meetings with top trade and energy officials with the aim of reaching deals, according to a Vietnam’s government document seen by Reuters.
(Reporting by Francesco Guarascio and Khanh Vu; Editing by John Mair)
Comments