US postpones 90-day tariffs on exports from countries is a positive step

Overview of the working session between Deputy Prime Minister Ho Duc Phoc and US Trade Representative Jamieson Greer. Photo: Ministry of Foreign Affairs

Commenting on US President Donald Trump's announcement to postpone tariffs on 75 countries for 90 days to facilitate negotiations, Foreign Ministry Spokesperson Pham Thu Hang said: "We believe that the US decision to suspend tariffs for 90 days on exports from countries to the US, including Vietnam, is a positive step."

The Foreign Ministry spokesperson stated that, in the spirit of the comprehensive strategic partnership between the two countries, Vietnam will negotiate with the United States on a reciprocal trade agreement on the basis of mutual respect to achieve satisfactory solutions towards fair and sustainable trade and meeting the interests of the people and businesses of the two countries.

The Foreign Ministry spokesman also emphasized that this approach reflects the spirit of the Vietnam-US Comprehensive Strategic Partnership, as well as the spirit after 30 years of the two countries establishing diplomatic relations.

Previously, within the framework of his visit to the United States as Special Envoy of General Secretary To Lam to discuss bilateral economic and trade issues, Deputy Prime Minister Ho Duc Phoc met with US Trade Representative Jamieson Greer.

At the meeting, the US side agreed that the two sides should initiate negotiations on a reciprocal trade agreement, which would include tax agreements, and requested that technical levels of both sides begin discussions immediately.

The two sides also agreed to continue to closely coordinate to promote a favorable business environment, proactively review and consider minimizing non-tariff barriers to each other's goods, creating favorable conditions for US businesses to increase investment and business in Vietnam, and strengthening coordination to control and prevent acts of trade fraud.

Source: https://hanoimoi.vn/hoa-ky-hoan-ap-thue-90-ngay-doi-voi-hang-xuat-khau-cua-cac-nuoc-la-buoc-di-tich-cuc-698511.html