Vietnam cuts tariffs on cars, gas, and farm goods, aiming to ease trade tensions with the US.

Vietnam has reduced import tariffs on various goods, including cars, liquefied natural gas, and agricultural products, to avoid potential US tariffs. Tariffs on cars will be halved, while liquefied natural gas tariffs drop from 5% to 2%. This move aims to ease trade tensions with the US, as Vietnam has the third-highest trade surplus with the US, valued at $123.5 billion in 2024.

1 week ago
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