President Donald Trump announced on Friday morning that Vietnam’s top leader, To Lam, has expressed a willingness to eliminate tariffs entirely in order to avoid the impact of new U.S. duties imposed on Vietnamese imports. Trump shared details of what he described as a “very productive” phone call, saying To Lam indicated Vietnam would cut tariffs to zero if a trade agreement could be reached. The announcement immediately drew attention from markets and policymakers alike, signaling a potential shift in trade relations between the two countries at a time of heightened economic uncertainty.
Trump revealed the conversation through a social media post, emphasizing both the tone and substance of the discussion. He wrote that he thanked To Lam on behalf of the United States and expressed interest in meeting in the near future to continue talks. The remarks came just days after the Trump administration imposed steep tariffs of 46 percent on Vietnamese goods, a move that raised concerns among companies with significant manufacturing operations in Vietnam. The suggestion that Vietnam might respond by eliminating its own tariffs introduced a new dynamic into ongoing trade negotiations.
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