Vietnam, U.S. Begin Second Round of Trade Talks Amid Tariff Threat

Vietnam has begun a second round of trade negotiations with the United States in Washington, aiming to avoid a proposed 46% tariff that could significantly impact its exports. The talks, which started on Monday, will continue through May 22, according to a statement released by Vietnam’s Ministry of Industry and Trade on Tuesday.

The first round of negotiations took place earlier this month. During this latest round, both sides are addressing key trade issues and exploring ways to accelerate the negotiation process. The ministry emphasized that discussions are focused on resolving core concerns and aligning on policy frameworks to move forward.

The U.S. has threatened to impose a 46% tariff on certain Vietnamese goods, raising stakes for Vietnam, which has become a major export hub in Asia. The ongoing negotiations are seen as critical in maintaining favorable trade terms and avoiding trade penalties that could disrupt supply chains and bilateral economic ties.

Vietnamese Trade Minister Nguyen Hong Dien is in Washington to lead the delegation. In addition to the trade talks, he has also met with representatives from U.S. power company Westinghouse to discuss potential cooperation in nuclear energy technology—highlighting broader economic and technological collaboration between the two countries.

The U.S.-Vietnam trade relationship has expanded rapidly in recent years, with Vietnam emerging as one of America’s top trading partners in Southeast Asia. As global supply chains continue to shift, the outcome of these negotiations could have long-term implications for both economies.

The trade ministry reaffirmed Vietnam’s commitment to constructive dialogue, hoping to reach a deal that supports mutual growth and avoids the imposition of punitive tariffs.