Vietnam Requests Delay on Tariff Implementation as Negotiations with U.S. Begin
In a significant diplomatic move, Vietnam has formally requested that the United States postpone the implementation of steep tariffs set to take effect on April 9. This request arises amid a broader strategy by President Donald Trump to reshape international trade dynamics through protectionist measures. The tariffs, which were announced recently, could impose a staggering 46% tax on various Vietnamese exports, marking one of the highest rates among the countries affected.
During a period of escalating trade tensions between the United States and China, Vietnam has emerged as a burgeoning economic force. The country has experienced rapid growth, largely fueled by a surge in manufacturing and exports. This growth has been spurred by companies globally diversifying their supply chains to mitigate risks associated with the ongoing geopolitical frictions between Washington and Beijing.
As the largest export market for Vietnam, the U.S. plays a crucial role in the latter's economic prosperity. On Sunday, Deputy Prime Minister Bui Thanh Son met with U.S. Ambassador Marc Knapper in Hanoi, where he articulated Vietnam's request for a delay in tariff enforcement pending further negotiations between the two nations. This plea is underscored by a letter from Vietnamese Communist Party chief To Lam to President Trump, dated April 5, in which Lam urged for a postponement of at least 45 days. Reports indicate that the New York Times was the first to publicize this correspondence, although NPR has yet to independently verify its authenticity.
Furthermore, another deputy prime minister, Ho Duc Phoc, designated as a special envoy to the U.S., shared with local businesses that Vietnam is seeking an extension ranging from one to three months. Phoc is on a diplomatic mission, traveling to the United States and Cuba from April 6 to April 16, during which he will engage in high-level policy dialogues.
In his discussion with Ambassador Knapper, Son emphasized the urgent need for the U.S. to prioritize this matter. He stated that a swift resolution would greatly benefit the economic interests of both nations. He expressed concern that the imposition of tariffs is not in alignment with the realities of the bilateral economic relationship and does not reflect the spirit of the comprehensive strategic partnership established between Vietnam and the United States.
As of now, the U.S. embassy in Hanoi has not provided an immediate comment regarding Vietnam's appeal, leaving the situation in a state of uncertainty. The outcome of these negotiations may serve as a critical litmus test for the Trump administration's willingness to negotiate on tariffs, which have been a central component of his economic strategy. The announcement of these tariffs led to a significant decline in stock markets around the globe, raising alarms among businesses who are now facing increased operational costs.
In light of these developments, Son reiterated the importance of ongoing collaboration in all aspects of the partnership, highlighting that overcoming the historical consequences of war remains a foundational element in U.S.-Vietnam relations. Other nations affected by similar tariffs have also indicated a readiness to engage in negotiations with the Trump administration, while countries like China have responded with retaliatory measures of their own.
