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Tag: trump
Vietnam seafood group urges halt to US-bound seafood shipments pending tariff negotiation outcome
The Vietnam Association of Seafood Exporters and Producers (VASEP) has urged Vietnam’s seafood exporters to suspend shipments to the United States pending the results of negotiations over the 46 percent Trump Tariff announced last week, VN Economy is reporting.
What’s Next for Vietnam if Trump’s 46 Percent Tariff is Here To Stay?
Last week, the President of the United States Donald Trump announced sweeping tariffs on imports from all over the world. Among them was a 46 percent tariff on imports from Vietnam. This will have broad implications for Vietnam’s economy and the world economy more broadly. With this in mind, this article looks at what Trump hopes to achieve and the way he intends to achieve it, both of which make it look a lot like these tariffs are here to stay. That being the case, it also looks at the implications for Vietnam and ways it might be able to formulate an impact-mitigating response.
Trump’s 46% tariff on Vietnam imports shocks businesses, rattles markets
President Donald Trump has announced a sweeping 46 percent import tariff on goods from Vietnam, citing trade imbalances and currency manipulation. Vietnam’s current average MFN tariff rate is 9.4 percent, significantly higher than the U.S. average of 3.3 percent, according to a White House press release. The U.S. also criticised Vietnam for restricting imports of remanufactured goods.
Trump Organization CEO meets with Vietnam PM
Prime Minister of Vietnam Pham Minh Chinh has met with Charles Bowman, General Director of Projects for the Trump Organization in Vietnam, to discuss a proposed US$1.5 billion luxury urban, eco-tourism, and golf complex in Hung Yen province.
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