Workers process shrimp for export. Shrimp products are among the leading export items that Vietnam exports to the US market. -- Photo: Vietnam News/ Asia News Network
HANOI (Bloomberg): Vietnam’s leadership was caught off guard by US President Donald Trump’s announcement last week that it agreed to a 20% tariff, and the South-East Asian nation is still seeking to lower the rate, according to people familiar with the matter.
Straight after last Wednesday’s call with Trump, Vietnam’s party chief To Lam told his negotiating team to keep working to bring the tariff rate down, the people said, asking not to be identified as the talks are confidential.
