HANOI: The US has instructed Vietnam its commerce deficit with the Southeast Asian nation is “unsustainable” and a serious concern, Vietnamese state media reported on Friday (Could 16), as the 2 nations maintain negotiations on tariffs.
Vietnam has been holding talks with the US, its largest export market, to influence US President Donald Trump’s administration to take a benign view of its large commerce surplus with America, after Trump in April introduced a “reciprocal” tariff charge of 46 per cent on Vietnamese items, to take impact in July.
Robert Kaproth, a senior US Treasury official, stated in a Thursday assembly with Vietnam’s deputy finance minister Cao Anh Tuan that the nation should take measures to fight unlawful transhipment and different kinds of commerce fraud, Vietnam Information Company reported on Friday.
Tuan requested Kaproth to assist facilitate Vietnam’s imports of American high-tech merchandise, as a part of their efforts to slim the commerce deficit, which exceeded US$123 billion final yr.
“Vietnam has demand for merchandise which are strengths of the US within the fields of power, excessive know-how, aviation, equipment and gear, and agricultural merchandise,” Tuan stated, based on the report.
The US Treasury didn’t instantly reply to a request for touch upon the report.
