The US-Vietnam Chamber of Commerce Urges US Commerce Secretary to Postpone Vietnam Tax: Tariffs are Staggeringly High
American and Vietnamese commercial lobbying groups have asked the Trump administration to delay the plan to impose a 46% tariff on Vietnamese goods, stating that this will harm enterprises in both countries and bilateral business relations.
In a letter dated Saturday and addressed to US Commerce Secretary Ross, the Vietnam Chamber of Commerce and the Vietnam-American Chamber of Commerce expressed concerns about the tariff, which is set to take effect on April 9th next Wednesday, calling it "staggeringly high".
"Reducing tariffs on products entering Vietnam and those reaching American consumers will benefit American companies, economy, and consumers," said the Vietnam Chamber of Commerce and the Vietnam-American Chamber of Commerce in their statement, adding that "higher tariffs would not".
Vietnam is a major Southeast Asian manufacturing base for many Western companies, and its trade surplus with its largest export destination, the United States, exceeded $123 billion last year. President Trump and Vietnamese leaders agreed on Friday to discuss an agreement to cancel tariffs during a phone call.
Before Trump announced the comprehensive global retaliatory tariffs on Wednesday, Vietnam had cut several tariffs as part of a series of concessions to the United States, including a commitment to purchase more American goods such as aircraft and agricultural products. In 2024, Vietnam's exports to the U.S. amounted to $142 billion, accounting for 30% of its GDP, with a trade surplus exceeding $123 billion.
"A swift and fair agreement will increase certainty for businesses and help correct the trade imbalance between the two countries in a way beneficial to both," said the Vietnam Chamber of Commerce and the Vietnam-American Chamber of Commerce.
Source: rfi
Original Article: https://www.toutiao.com/article/1828675779123203/
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