Vietnam

The Court of International Trade has paused several pending suits over antidumping and countervailing duty rates on solar-cell parts from four Asian countries that will test the Commerce Department’s 2024 rule allowing trade remedies for transnational subsidies, agreeing with the government that it cannot fully defend the cases until the federal shutdown ends. In recent days CIT judges issued at least four orders staying challenges to various elements of the AD/CVD actions on crystalline silicon photovoltaic cells and modules from...

The government of Cambodia and some solar-cell makers say a Biden-era rule allowing the Commerce Department to include transnational subsidies in its antidumping and countervailing duty probes violates federal law, as part of new litigation over AD/CVD rates on solar components from four countries based on Commerce’s first-ever transnational subsidy finding. At the same time, a coalition of U.S. solar companies is seeking to not only keep Commerce’s AV/CVD orders in place but declare them illegally weak, setting up a...

The U.S. and Vietnam have reached a trade deal in which Hanoi will avoid tariffs of nearly 50 percent set to go into effect next week in return for opening its market to a range of U.S. goods, President Trump announced on Wednesday. Under Trump’s so-called “reciprocal” tariff regime put forward in April, Vietnamese goods would face a 46 percent duty rate. Trump subsequently paused the country-specific duties to allow for negotiations but left in place 10 percent baseline tariffs...

Vietnamese businesses have signed a slate of memoranda of understanding promising to buy up to $3 billion worth of U.S. agricultural products, the Vietnamese government announced this week -- in addition to a new agreement between its agriculture ministry and the U.S. Grains Council to cooperate on biofuels and grain. Vietnamese Agriculture Minister Do Duc Duy last week headed a delegation to meet with state agricultural officials and business in Iowa, Ohio, Maryland and Washington, DC. “Vietnamese businesses have signed...

Vietnamese companies must increase purchases of U.S. manufactured goods as the two countries seek to “balance” their trade relationship, the country’s trade minister said on Wednesday, the same day the sides began a first round of trade talks. Vietnamese Trade Minister Nguyễn Hồng Diên convened a meeting with representatives from the country’s telecommunication, energy and airline industries to discuss “balancing” U.S.-Vietnam trade, the country’s government said in a May 7 statement , according to an informal translation. Diên urged the...

U.S. Trade Representative Jamieson Greer this week ramped up bilateral trade talks with Asian and Latin American trading partners, launching technical talks with several countries as they race to ink a deal before reciprocal tariffs return in July. President Trump earlier this month announced country-specific “reciprocal” tariffs and a 10 percent tariff rate for all imported goods, though he later paused the reciprocal duties for 90 days. Since then, USTR has engaged with dozens of countries seeking bilateral deals to...

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,”...

Vietnam has offered to bring its tariffs on U.S. imports down to zero, President Trump said on Friday, suggesting some openness to cutting deals with countries seeking to avoid new “reciprocal” duties. “Just had a very productive call with To Lam, General Secretary of the Communist Party of Vietnam, who told me that Vietnam wants to cut their Tariffs down to ZERO if they are able to make an agreement with the U.S.,” Trump said in an April 4 Truth...

Vietnam on Tuesday announced plans to slash tariff rates for automobiles, agricultural products and liquefied natural gas as it seeks to adapt to changes in global tariff policy. The Vietnamese Finance Ministry said it will lower duty rates as the country seeks to “cope with the complicated and unpredictable developments of the world's geopolitical and economic situation, especially the changes in economic, trade and tariff policies,” according to an informal translation of a March 25 statement from the ministry. Accordingly,...

U.S. Trade Representative Jamieson Greer on Thursday told his Vietnamese counterpart the U.S. expects the country to “improve” its trade balance with the U.S., while insisting that the Trump administration’s tariff policies are not aimed at harming partner countries, the Vietnamese government said following their talks. The U.S. trade relationship with Vietnam is among its least balanced, with the U.S. in 2024 running a goods deficit with the country that totaled $123.5 billion, according to USTR . The U.S. exported...