US proposes tariffs on Vietnam

The United States>>> Trade Representative concluded that Vietnam>>> has failed to curb trade in goods made with forced labor, leading the Trump administration to propose tariffs of up to 12.5% on imports from Vietnam>>> and 59 other countries. Vietnam>>>'s foreign ministry, through spokesperson Phạm Thu Hằng>>>, rejected this conclusion, stating that it does not accurately reflect their efforts and that their policy strictly prohibits forced labor, complying with International Labour Organization>>> regulations. This action by the United States>>> is part of a broader effort to reduce trade deficits, as the US trade deficit with Vietnam>>> reached $54.8 billion in the first three months of the year. Vietnam>>> is also being targeted for alleged trade distortions, excess capacity, and intellectual property violations. Vietnam>>> has expressed its intention to continue constructive dialogue with the United States>>> to resolve these disagreements.