Vietnam Calls for Further Tariff Talks with U.S. Amid Trade Frictions

Vietnam’s Ministry of Industry and Trade has called for renewed tariff negotiations with the United States, signaling concerns over escalating trade imbalances and regulatory pressures that could threaten key export sectors. The announcement, made in Hanoi on May 22, follows weeks of rising tensions over steel, textiles, and electronics shipments.

Speaking at a press briefing, a ministry spokesperson said Vietnam “remains committed to a balanced and cooperative trade relationship with the United States,” but stressed the need to “reassess certain tariff frameworks that no longer reflect the current dynamics of bilateral trade.”

The move comes as U.S. lawmakers and industry groups push for tighter controls on imports from Southeast Asia, citing alleged market distortions, currency manipulation, and violations of intellectual property rights. Though Vietnam has denied these allegations, pressure has mounted from Washington to reexamine trade preferences originally granted under previous administrations.

Trade between the two nations has expanded significantly in recent years, with the U.S. now serving as Vietnam’s largest export market. However, American officials have raised concerns that Vietnamese exports—particularly in steel and consumer electronics—benefit from indirect Chinese supply chains, potentially circumventing U.S. tariffs on Chinese goods.

The Office of the U.S. Trade Representative (USTR) acknowledged receiving Vietnam’s request and said discussions would continue “through appropriate diplomatic and technical channels.” No formal negotiation schedule has been announced.

Economists note that Vietnam faces a delicate balancing act—seeking to maintain strong ties with both the U.S. and China while avoiding punitive trade actions that could slow its export-driven economy.

The tariff discussion also carries political weight as both countries navigate shifting global supply chains and prepare for electoral transitions—most notably the 2026 U.S. midterm elections and Vietnam’s upcoming Party Congress.