Hanoi: Vietnam mentioned that it has decreased duties to import on a variety of products, together with automobiles, liquefied fuel and a few agricultural merchandise, with issues that intensify in entrance of the deliberate planning of the President of the United States Donald Trump of enormous charges on “All nations”.
The announcement got here after Prime Minister Pham Minh Chinh declared final month that Hanoi was analyzing the withdrawals with a view to encourage a rise in imports from the United States.
The business deficit of Washington with Vietnam is the third highest in any nation, after China and Mexico, and there are rising fears that could possibly be a key objective of the tariff steerage of the White House, which has despatched bumping waves via the worldwide markets.
“From 31 March 2025, some articles akin to automobiles, wooden, ethanol, frozen rooster legs, pistachios, almonds, recent apples, cherries, raisins, and so on.
He added that the import duties on some automobiles will probably be halved and the tax fee for liquefied pure fuel will drop from 5 % to 2 %.
The charges on frozen rooster legs will probably be decreased from 20 % to fifteen %, non -excavation pistachio charges will probably be decreased from 15 % to five % and, for almonds, will drop from 10 % to five %.
“I feel Vietnam is doing every part potential to melt the blow,” mentioned Bruno Jaspaert, CEO of Deep C Industrial Zone in Vietnam and president of the nation’s European Chamber of Commerce.
“Rather than taking revenge, they offer and hope to be handled in a greater approach. But the general expectation is that there’ll nonetheless be charges,” he informed AFP.
