U.S. and Vietnamese Businesses Urge Delay on Proposed Tariffs

According to Odaily, American and Vietnamese companies have requested the Trump administration to postpone the planned imposition of a 46% tariff on Vietnamese goods, arguing that such tariffs would harm their operations and bilateral trade relations. The Vietnam Chamber of Commerce and Industry, along with the American Chamber of Commerce in Hanoi, expressed their concerns in a letter dated Saturday to Commerce Secretary Lutnick, highlighting the 'astonishingly high' tariffs set to take effect on Wednesday. In a joint statement, the U.S. Chamber of Commerce and the Vietnam Chamber of Commerce emphasized that reducing tariffs on products entering Vietnam and the United States would benefit American businesses, the economy, and consumers, whereas higher tariffs would not.