HCMC – Vietnam has expressed its readiness to engage in dialogue and cooperation with the U.S. following a recent announcement by the Trump administration to impose a 25% tariff on steel and aluminum imports.
During a press briefing on February 13, Foreign Ministry spokesperson Pham Thu Hang said that Vietnam remained committed to cooperating with the U.S. to resolve trade issues and promote sustainable bilateral ties.
Hang explained that Vietnam, as part of its comprehensive strategic partnership with the U.S., was open to exchanging information and working together to address mutual concerns, which she believes would strengthen mutual understanding and ensure stable economic relations that would benefit both countries.
According to Hang, Vietnam would continue to closely monitor global trade developments and take appropriate measures to reduce any negative impact on its economy. She reiterated that Vietnam was determined to adhere to international legal frameworks and trade commitments while contributing to healthy global trade growth.
Hang also reassured foreign businesses that Vietnam would maintain a favorable and transparent investment environment, emphasizing that the Government would create the necessary conditions for foreign investors to operate with confidence.
Still, observers have raised concerns over the new tariffs, which will take effect in March, noting that they may escalate into broader trade disputes. Canada, South Korea, and Brazil, who are major exporters of steel and aluminum, are expected to be significantly affected.
Other sectors could be targeted including semiconductors and automobiles, which now fuels fears of an impending global trade war.
Prime Minister Pham Minh Chinh had earlier called for preparations to counter the effects of a potential global trade war, reflecting Vietnam’s proactive stance on global economic challenges.
