thuedoiung

President Donald Trump shared on social media platform Truth Social about an effective phone call with General Secretary To Lam, opening a new ray of hope for trade relations between the U.S. and Vietnam. Trump stated that General Secretary To Lam expressed willingness to reduce tariffs to 0% if both sides reached an agreement, a move that came just one day after the U.S. imposed a retaliatory tariff of up to 46% on Vietnamese goods on April 3, 2025. This regulation has caused turmoil in the Vietnamese stock market, with the VN-Index dropping a record 87.99 points (equivalent to 6.68%) to 1,229.84 points.