US President Donald Trump said that Vietnam may be ready to eliminate tariffs on American goods. This came after the US slapped a significant 46% tariff on imports from Vietnam, sparking global economic chatter and widespread online reactions.
President Trump took to his platform, Truth Social, to share that he had a ※very productive§ conversation with General Secretary To Lam of Vietnam. Trump stated that the Vietnamese leader expressed interest in removing tariffs completely 〞 but only if both sides can strike a fair trade agreement. This comes in response to the hefty tariff imposed by the US on Vietnamese goods, a part of Trump*s larger global trade push.
Vietnam, a rising manufacturing hub, was hit hard with the 46% tariff, placing a strain on its trade relationship with the US. Official data shows that the US imported over $136 billion in goods from Vietnam last year, nearly a third of the Southeast Asian country*s GDP. The economic impact is already being felt on both sides of the Pacific.
Social media users had plenty to say about Trump*s announcement and its ripple effect. One noted, ※Nintendo stock jumped after Trump announced on Truth Social that he had spoken with Vietnam about making a deal on tariffs.§?
Another predicted rising costs: ※Air Force 1s, which currently cost $115, and other Nike shoes are predicted to go up in price after Trump*s tariffs on China and Vietnam.§
A third user dismissed the gesture, saying: ※Since Vietnam already has low tariffs on us and already buys very little from us, getting their tariffs on us down to 0 is a drop in the bucket compared to Trump*s enormous tariffs.§ Meanwhile, one user speculated: ※I predict 25% chance President Trump announces pause on Vietnam tariffs before close of market today (65% by end of next week) in respect for Vietnam's good faith suggestion of going to zero tariffs.§
Trump*s tariff push continues to stir markets, as netizens weigh in on Vietnam*s zero-duty offer and its limited impact.
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