HANOI/WASHINGTON – In a significant diplomatic move aimed at de-escalating trade tensions, Vietnam offers zero tariffs to the United States on all American imports. This proposal came during a recent phone call between U.S. President Donald Trump and Vietnam’s Communist Party leader, To Lam, reflecting Vietnam’s willingness to strengthen bilateral trade ties amidst growing global protectionism.
President Trump, in a post-call statement, acknowledged the offer, stating, “Vietnam’s leadership has made a serious and respectful gesture. Vietnam offers zero tariffs, and we will closely consider this ahead of our next meeting.” The U.S. president praised the tone of the conversation, labeling it as constructive and positive.
Meanwhile, Vietnam’s Ministry of Trade confirmed that the proposal was sincere and part of a larger plan to maintain balance in their trade relationship with the U.S. As Vietnam offers zero tariffs, it has also requested equal treatment for Vietnamese exports entering the American market, suggesting that both sides can benefit from mutual economic cooperation.
This development comes shortly after the Trump administration announced a 46% tariff on Vietnamese imports, which will take effect from April 9. In a calculated response, Vietnam offers zero tariffs to counterbalance the potential economic strain and to protect its fast-growing export economy.
Trade analysts see this as a smart play by Hanoi to avoid a trade war. The gesture not only demonstrates Vietnam’s commitment to international cooperation but also positions it as a forward-thinking economic ally. As Vietnam offers zero tariffs, it sets a precedent for how smaller economies can engage with major powers in a climate of increasing tariff barriers.