President Donald Trump revealed that he had a conversation with the Vietnamese leader, To Lam, who expressed his desire to reduce Vietnam's tariffs to "ZERO" if they could reach an agreement with the United States.
This announcement, made by Trump on social media, caused a rise in the stocks of companies that manufacture some of their products in Vietnam, like Nike, whose shares rose more than 4%.
The Trump administration had imposed tariffs of 46% on Vietnamese products at the beginning of the week, which led to a request from the Ministry of Commerce of Vietnam for the United States to suspend this measure and engage in further negotiations.
This request came after Trump announced a minimum tariff of 10% on all products imported to the United States, in addition to additional tariffs on about 60 countries. Vietnam was one of the countries most affected by the reciprocal tariffs.
The Ministry of Commerce of Vietnam requested a call between the Minister of Industry and Trade Nguyen Hong Dien and the U.S. Trade Representative, Jamieson Greer, as soon as possible.
According to a statement from the Vietnamese government, there is still "room for discussion and negotiation." Ta Hoang Linh, head of the Ministry's Department of Foreign Market Development, highlighted that Vietnamese products exported to the United States mainly compete with those from other countries, not with U.S. products.
