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Vietnam’s zero tariff offer has been rejected by the Trump admin
22 sats \ 2 comments \ @zuspotirko 7 Apr econ
https://www.cnbc.com/amp/2025/04/07/peter-navarro-says-vietnams-0percent-tariff-offer-is-not-enough-its-the-non-tariff-cheating-that-matters.html
Vietnam is the US fastest growing trading partner and is helping to diversify away from China. Their offer to make imports from the US import tax free was rejected from the Trump administration.
This is a strong indicator that Trumps overall strategy isn't to use tariffs as a bargaining chip. It seems like the tariffs are the goal, not the means to an end.
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5 sats \ 0 replies \ @028559d218 8 Apr
The tariffs are "designed" (I use that word with emphasis) to balance the trade deficit.
Not to necessarily "reduce the Vietnamese tariffs".
The tariffs in Vietnam could go to zero over night there could be zero tariffs... but if there were still a trade deficit Mr Trump wouldn't be happy.
Calling it a reciprocal tariff... is probably really misleading.
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0 sats \ 0 replies \ @Undisciplined 7 Apr
The second paragraph in the excerpt you included says explicitly why that wasn’t a sufficient offer.
They are making a big deal about other countries non-tariff barriers.
The point is to get concessions that meaningfully open other markets to US exports.
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