Take advantage of the “golden 90 days”...

According to experts, the US Government's announcement to temporarily suspend reciprocal tariffs for 90 days for more than 75 countries and reduce reciprocal tariffs to 10% during this period with immediate effect is a "golden opportunity" for businesses to prepare for long-term response solutions. In the immediate future, reducing short-term tariff pressure on key export industries such as textiles, footwear, wooden furniture, electronics, Vietnamese goods will be more competitive in the US market, at least for the next 3 months. Along with that, the 90-day period allows Vietnam to negotiate with the US to seek long-term tax reduction solutions. Vietnam has made positive moves before, such as pledging to reduce import tariffs on US goods to 0%, increasing purchases of US goods and other agreements. These steps can help Vietnam reach a better agreement with the US. Vietnam, with a temporary tax rate of 10%, can take advantage of the opportunity to increase exports to the United States, especially in the textile, footwear, and electronics industries. Enterprises in Binh Duong province highly appreciate and have increased confidence in the very quick response of the Vietnamese Government to the new tariff policy of the Trump administration. Enterprises are also very excited when the information during the working visit of Deputy Prime Minister Ho Duc Phoc, on the afternoon of April 9 (US time) the United States agreed to start negotiations on a reciprocal trade agreement with Vietnam, which will include tax agreements and request technical levels of both sides to immediately exchange.

Báo Bình Dương•12/04/2025

However, many businesses are also concerned about domestic trade defense issues as Vietnam's imports may increase in the near future. This will put pressure on Vietnamese manufacturers, especially in the wood, steel, textile, and electronics industries. To take advantage of the "golden 90 days", businesses need to focus on meeting US requirements to achieve long-term preferential tax rates, especially for the textile, footwear, and electronics industries; at the same time, diversify export markets; stabilize exchange rates and control inflation through flexible monetary policies; focus on investing in domestic supply chains to reduce dependence on imported raw materials...

Khai Anh

Source: https://baobinhduong.vn/tan-dung-90-ngay-vang--a345161.html