PM anticipates a trade deal with the US to be agreed upon by early July, before the Trump administration’s pause on 46% reciprocal tariffs on Vietnamese exports ends.

Despite the announcement of 46 per cent US reciprocal tariffs on Vietnamese exports, 60 percent of Vietnamese businesses remain optimistic for the year ahead, and nearly half of them plan to accelerate overseas expansion, according to the UOB Business Outlook Study.

The US trade deficit with Asia is widening as importers stock up ahead of President Donald Trump’s “reciprocal” tariffs deadline.

As US tariffs continue to pressure global trade, Vietnamese businesses are undergoing a comprehensive transformation, from supply chains and production to markets and services, to adapt and stay competitive.

Deputy Prime Minister Nguyen Hoa Binh says that Vietnam and the US are actively negotiating on tariffs, adding that "we will do everything possible to ensure the 46 percent tariff on Vietnamese goods does not materialize.”

The 90-day pause on Trump’s 46 per cent tariff on Vietnamese exports offers Hanoi short-term relief but underscores its vulnerability to US trade pressures.

Thai finance minister says talks might continue beyond July 9 expiry date of moratorium.

Amid increasing global uncertainties, Vietnamese businesses are working hard to proactively develop risk response plans not as an option, but as a survival necessity to maintain supply chains and secure markets.

The US has officially announced the results of its 20th administrative review (POR20) on anti-dumping duties for frozen pangasius (tra fish) fillets imported from Vietnam, with seven Vietnamese exporters granted a 0% tariff rate, according to the Vietnam Association of Seafood Exporters and Producer.

The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Việt Nam.