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President Trump said Vietnam wants to “cut their tariffs down to zero” after having a “productive call” with the country’s general secretary.
“Just had a very productive call with To Lam, General Secretary of the Communist Party of Vietnam, who told me that Vietnam wants to cut their Tariffs down to ZERO if they are able to make an agreement with the U.S. I thanked him on behalf of our Country, and said I look forward to a meeting in the near future,” Trump said.
( @realDonaldTrump – Truth Social Post )
( Donald J. Trump – Apr 04, 2025, 11:01 AM ET )Just had a very productive call with To Lam, General Secretary of the Communist Party of Vietnam, who told me that Vietnam wants to cut their Tariffs down to ZERO if they are able to make an… pic.twitter.com/p79MabvKbu
— Donald J. Trump 🇺🇸 TRUTH POSTS (@TruthTrumpPosts) April 4, 2025
Per Firstpost:
On Thursday, Vietnamese Prime Minister Pham Minh Chinh ordered the immediate formation of a “rapid response team” following Trump’s announcement of sweeping tariffs a day earlier.
In a separate statement, the government confirmed that Deputy Prime Minister Ho Duc Phoc would be traveling to the United States for a “working visit.”
American tariffs on Vietnam targeted sectors including apparel, furniture and toys, with analysts warning of potential price hikes for American consumers.
In response, the Vietnamese government has formally requested a one to three-month delay in the tariffs, hoping to create space for negotiations. According to Reuters, Hanoi is also preparing a goodwill package, planning to ramp up purchases of American goods like aircraft and liquefied petroleum gas, while easing investment conditions for American companies operating in Vietnam.
JUST IN: President Trump says he had a call with Vietnam’s leader, To Lam, and stated that Lam wants to reduce Vietnam’s tariffs to “zero” if they can reach an agreement with the U.S. pic.twitter.com/JptRyJVJq4
— Resist the Mainstream (@ResisttheMS) April 4, 2025
Trump says Vietnam general secretary wants to cut country’s tariffs to zero if agreement is made https://t.co/6wZjBTSz9M
— John Solomon (@jsolomonReports) April 4, 2025
From The Economic Times:
Vietnam, a key manufacturing hub and the US’s largest trading partner in Southeast Asia last year, was hit with a 46 percent tariff as part of Trump’s broader trade measures. Despite initial claims from officials that the tariffs were non-negotiable, Trump’s remarks suggest a potential shift.
During his first term, Trump’s trade war with China prompted companies to move manufacturing to Vietnam, doubling its trade surplus with the US between 2017 and 2023. However, the new tariffs have raised costs for major brands operating in the country.
Nike, which produced half of its footwear and over a quarter of its apparel in Vietnam in the 2024 financial year, now faces significantly higher expenses. Similarly, Japanese gaming giant Nintendo, which has expanded production in Vietnam and Cambodia, announced on Friday that it would delay preorders for its upcoming Switch 2 console, set to launch on June 5, as it assesses the impact of the tariffs.