FX.co ★ U.S.-Vietnam Trade Talks Set Ahead of Tariff Deadline

The United States and Vietnam are set to engage in a fresh round of trade discussions next week, following Vietnam's response to U.S. trade requests. Though specifics regarding the timing and location of this third round of talks were not disclosed, there is increasing pressure as the pause on the 46% "reciprocal" tariffs affecting Vietnamese exports is expected to end in early July. This development comes on the heels of a meeting held in Paris on Wednesday between Vietnam's trade minister, Nguyen Hong Dien, and U.S. Trade Representative Jamieson Greer. Both parties agreed to accelerate technical conversations in anticipation of negotiations "planned for the first half of June." Vietnamese officials have characterized the U.S. trade demands as "challenging," notably those that urge a reduced dependency on Chinese imports. While Hanoi has responded to these demands, they have yet to share their specific proposals. The Trump administration has established a deadline for trade negotiations, compelling nations to submit their most competitive offers. Vietnam has reiterated its "determination and goodwill" in addressing unresolved issues.