U.S. tells Vietnam trade deficit 'unsustainable' and major concern during tariff talks

U.S. tells Vietnam trade deficit 'unsustainable' and major concern during tariff talks
Reuters

The United States has warned Vietnam that its \$123 billion trade deficit is “unsustainable” as both nations enter reciprocal tariff negotiations, prompting Hanoi to crack down on illicit transshipments and seek greater imports of U.S. high-tech goods.

The U.S. has warned Vietnam that its $123 billion trade deficit is “unsustainable” and urged action against illegal transshipment during ongoing tariff talks. After Washington announced a 46% reciprocal tariff on Vietnamese exports from July, Hanoi sought U.S. help to boost high-tech imports, cut its own tariffs on U.S.-bound goods, and tightened checks on Chinese rerouted products. Prime Minister Pham Minh Chinh confirmed the first negotiation round, and Foreign Ministry spokesperson Pham Thu Hang said Vietnam is pursuing a balanced, sustainable trade relationship.

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