Vietnam's Ministry of Foreign Affairs speaks out about US reciprocal tariffs

Foreign Ministry Spokesperson Pham Thu Hang - Photo: Provided by the Ministry of Foreign Affairs

On April 4, in response to a reporter's question asking about Vietnam's reaction to the US's announcement of imposing reciprocal tariffs on our country's exports to this country, Vietnamese Foreign Ministry spokesperson Pham Thu Hang stated:

"Vietnam regrets the US's announcement of its decision to impose reciprocal tariffs on Vietnamese exports to the US.

We believe that the above decision is not consistent with the reality of mutually beneficial economic and trade cooperation between the two countries, does not reflect the spirit of the Comprehensive Strategic Partnership for peace, stability, cooperation and development; and will negatively impact bilateral economic and trade relations and the interests of the people and businesses of the two countries if applied.

In recent times, Vietnam has actively exchanged and discussed specific measures with the US to remove obstacles, promote bilateral economic and trade cooperation, and move towards fair, sustainable trade and harmonizing the interests of both sides.

Vietnam will continue to coordinate and exchange with the US side in a constructive and cooperative spirit to find practical solutions, contributing to the stable and sustainable development of bilateral economic relations, meeting the interests of the people and businesses of the two countries."

Earlier, in the early morning of April 3 (Vietnam time), US President Donald Trump announced that he would impose a 46% reciprocal tax, expected to take effect on April 9.

On the morning of April 3, Prime Minister Pham Minh Chinh chaired a meeting of the Government Standing Committee with ministries and branches to assess the situation and discuss immediate and long-term solutions after the US announced reciprocal tariffs on goods from many countries, including Vietnam.

At the meeting, the Prime Minister requested the immediate establishment of a rapid response team on this issue headed by Deputy Prime Minister and Minister of Foreign Affairs Bui Thanh Son.

He also assigned Deputy Prime Minister Ho Duc Phoc to preside over and direct ministries and sectors to listen to opinions from businesses, including large export enterprises. Mr. Phoc is expected to visit the US and Cuba during his working trip to the two countries from April 6 to 14.

Statistics on Vietnam's export turnover to the US from the Customs Department show that in 2024, Vietnam exported nearly 120 billion USD to the US, an increase of 23.2% (equivalent to an increase of 22.48 billion USD) compared to the previous year and accounting for 29.5% of the country's total export turnover.

Export turnover to the US market in the first two months of 2025 reached 19.56 billion USD, up 16.5%, equivalent to an increase of 2.77 billion USD over the same period last year.

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Source: https://tuoitre.vn/bo-ngoai-giao-viet-nam-noi-gi-truoc-muc-thue-doi-ung-my-ap-20250404080428167.htm