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Trump and Vietnam Discuss Zero Tariffs Amid Trade Surplus

4/4/2025

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Summary

Story summary

President Trump and Vietnam's leader To Lam held a productive phone call about tariff elimination.
Lam suggested reducing Vietnam's tariffs to zero in return for similar U.S. measures.
Vietnam aims to prevent a potential 46% U.S. tariff on its exports starting April 9.
Both leaders intend to meet soon to finalize a bilateral tariff agreement.
Vietnam recorded a trade surplus exceeding $123 billion with the U.S. last year.

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Story summary

President Trump and Vietnam's leader To Lam held a productive phone call about tariff elimination.
Lam suggested reducing Vietnam's tariffs to zero in return for similar U.S. measures.
Vietnam aims to prevent a potential 46% U.S. tariff on its exports starting April 9.
Both leaders intend to meet soon to finalize a bilateral tariff agreement.
Vietnam recorded a trade surplus exceeding $123 billion with the U.S. last year.