Vietnam has offered 0% tariffs on U.S. goods in an effort to avoid steep reciprocal tariffs imposed by President Donald Trump, who recently announced a sweeping tariff policy hitting dozens of trade partners. Cambodia also responded, proposing to reduce tariffs to 5% and requesting a delay in the new U.S. levies.
Trump revealed the development Friday after a phone call with Vietnamese leader To Lam, describing the conversation as “very productive” on his Truth Social platform.
“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.,” Trump posted. “I thanked him on behalf of our Country, and said I look forward to a meeting in the near future.”
Lam confirmed the call and Vietnam’s intent to reduce tariffs, adding that the country hopes the U.S. will offer similar terms for Vietnamese imports.
According to a government statement, both leaders agreed to continue negotiations with the goal of signing a bilateral trade agreement soon. Trump also accepted an invitation to visit Vietnam.
Vietnam, a key manufacturing hub for