The Government suggests the U.S. Administration postpone the implementation of 46 per cent reciprocal tariff on imports from Vietnam for one to three months, Deputy Prime Minister Ho Duc Phoc stated  during his meeting with leaders of several ministries and business associations in Hanoi on April 4.

The meeting aims to seek measures  in response to the new tariff policy that US President Trump has announced to impose on goods exported to the US from 180 trade partners of the United States, including Vietnam. Accordingly, a 46% reciprocal tariff rate will be applied to imports from Vietnam.

The U.S. Administration's decision to impose a 46-percent tariff on Vietnamese goods places Vietnam among the nations facing the highest tariff rates, surpassing those imposed on Viet Nam's competitors in the U.S. market like Thailand (36 per cent), Pakistan (29 per cent), and the Philippines (17 per cent).

Vietnam  is also subject to a much higher rate than that of Bangladesh (37 per cent), China (34 per cent), Indonesia (32 per cent), India (26 per cent), Malaysia and Japan (both 24 per cent), and the EU (20 per cent).

The Deputy Prime Minister was quoted by the Government News as affirming at the meeting that Vietnam  has coordinated closely and proactively with the U.S. to negotiate for fair tariff solutions and promote the two-way trade in a mutually beneficial manner.

The Government has recently promulgated Decree No. 73/2025/ND-CP, reducing many tax lines on goods imported from the U.S., he added.

Vietnam has also promoted contracts to purchase goods from the U.S., such as aircraft and liquefied natural gas while creating favorable conditions for American investors to do business in the country.

In the time to come, Vietnam will continue solutions to enhance import of materials and equipment from the U.S., and expects to boost cooperation with the U.S. in the fields like science, technology, and digital transformation, according to Deputy Prime Minister Phoc.

He took the occasion to urge the Amcham Vietnam and the U.S.-ASEAN Business Council to convey the goodwill from the Vietnamese Government and the business community to President Donald Trump's Administration for effective tax negotiations.

Vietnam's exports to the U.S. mainly compete with goods from third countries, not with U.S.-made products, thereby benefiting American consumers with more affordable options, according to the Ministry of Industry and Trade.