U.S., Vietnam launch ‘reciprocal’ trade talks as Hanoi hopes for an FTA

The U.S. and Vietnam on Thursday agreed to enter formal talks on a “reciprocal” trade deal that could result in the country eliminating tariffs on U.S. imports, though Hanoi has also suggested broader free trade agreement talks. Following a Wednesday meeting between Vietnamese Deputy Prime Minister Ho Duc Phoc and U.S. Trade Representative Jamieson Greer, Treasury Secretary Scott Bessent and the deputy prime minister on Thursday “agreed to begin formal discussions on reciprocal trade between the United States and Vietnam,”...