Vietnam eyes backup plans amid US tariff threat


Harvesting dragon fruit in Binh Thuan Province. — VNA/VNS

HANOI: The Ministry of Agriculture and Environment is drawing up contingency plans if efforts to negotiate a tariff reduction with the United States fall through, Minister Do Duc Duy has said.

While tariff negotiations remain the preferred outcome, the minister stressed the need to anticipate less favourable scenarios following the announcement by US President Donald Trump on April 3 of sweeping retaliatory tariffs, potentially including a 46 per cent rate on goods from Vietnam.

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Vietnam , economy , agriculture , tariff , US

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