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Vietnam Engages in Emergency Trade Talks with US Amid Tariff Threat
Vietnam Engages in Emergency Trade Talks with US Amid Tariff Threat
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Vietnamese Trade Minister Nguyen Hong Dien held urgent face-to-face discussions with US Trade Representative Jamieson Greer in Jeju, South Korea, following the 31st APEC Ministerial Meeting on Trade. The talks mark the first formal ministerial-level dialogue between the two nations regarding a looming 46% tariff that could severely impact Vietnam’s export-driven economy.
The US has temporarily postponed the tariff until July, but Vietnam remains on high alert. The potential levy arrives at a precarious moment—the US constitutes Vietnam’s largest export market, with a $123.5 billion trade surplus recorded last year alone. Foreign factories operating in Vietnam to supply American retailers face existential risks under the proposed tax burden.
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