US President Donald Trump said that Vietnam may be ready to eliminate tariffs on American goods. This came after the US slapped a significant 46% tariff on imports from Vietnam, sparking global economic chatter and widespread online reactions.
President Trump took to his platform, Truth Social, to share that he had a ¡°very productive¡± conversation with General Secretary To Lam of Vietnam. Trump stated that the Vietnamese leader expressed interest in removing tariffs completely ¡ª but only if both sides can strike a fair trade agreement. This comes in response to the hefty tariff imposed by the US on Vietnamese goods, a part of Trump¡¯s larger global trade push.
Vietnam, a rising manufacturing hub, was hit hard with the 46% tariff, placing a strain on its trade relationship with the US. Official data shows that the US imported over $136 billion in goods from Vietnam last year, nearly a third of the Southeast Asian country¡¯s GDP. The economic impact is already being felt on both sides of the Pacific.
Social media users had plenty to say about Trump¡¯s announcement and its ripple effect. One noted, ¡°Nintendo stock jumped after Trump announced on Truth Social that he had spoken with Vietnam about making a deal on tariffs.¡±?
Another predicted rising costs: ¡°Air Force 1s, which currently cost $115, and other Nike shoes are predicted to go up in price after Trump¡¯s tariffs on China and Vietnam.¡±
A third user dismissed the gesture, saying: ¡°Since Vietnam already has low tariffs on us and already buys very little from us, getting their tariffs on us down to 0 is a drop in the bucket compared to Trump¡¯s enormous tariffs.¡± Meanwhile, one user speculated: ¡°I predict 25% chance President Trump announces pause on Vietnam tariffs before close of market today (65% by end of next week) in respect for Vietnam's good faith suggestion of going to zero tariffs.¡±
Trump¡¯s tariff push continues to stir markets, as netizens weigh in on Vietnam¡¯s zero-duty offer and its limited impact.
For more news and current affairs?from around the world, please visit?Indiatimes News.