(VOVWORLD) - The White House on Friday released an executive order by President Donald Trump announcing adjustments to reciprocal tariffs. Under Annex I, Vietnam’s reciprocal tariff rate has been lowered from 46% to 20%.
 Minister of Industry and Trade Nguyen Hong Dien and US representatives during trade talks in the US (Source: Ministry of Industry and Trade) |
According to Vietnam’s Ministry of Industry and Trade, since late April, Vietnam and the United States have held multiple rounds of negotiations on reciprocal trade at both technical and ministerial levels.
These talks covered a wide range of topics and achieved significant progress in areas such as tariffs, rules of origin, customs procedures, agriculture, non-tariff measures, digital trade, services and investment, intellectual property, sustainable development, supply chains, and trade cooperation.
Both sides will continue discussions and follow-up work to finalize a reciprocal trade agreement based on the principles of equality, mutual benefit, and respect for each country’s level of development.