Vietnam cuts tariffs on US imports including LNG, cars, and ethanol to ease trade tensions with the US.

Vietnam plans to reduce tariffs on US imports like liquefied natural gas, cars, and ethanol to avoid potential US tariffs. The tariff on US LNG will drop to 2% from 5%, cars to 32% from 45%-64%, and ethanol to 5% from 10%. These cuts aim to reduce Vietnam's $123 billion trade surplus with the US and improve trade relations. The changes are expected to be implemented this month.