President Donald Trump stated in a post to Truth Social: “Just had a very productive call with To Lam, General Secretary of the Communist Party of Vietnam, who told me that Vietnam wants to cut their Tariffs down to ZERO if they are able to make an agreement with the U.S. I thanked him on behalf of our Country, and said I look forward to a meeting in the near future.” Analysts have highlighted that reciprocal tariffs came in “worse than anticipated across-the-board,” with Vietnam most meaningful for Softlines stocks and China/Vietnam for Hardlines.
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