Party General Secretary To Lam holds phone talks with U.S. President Donald Trump on July 2 evening (Hanoi time) to discuss the two countries' relations and reciprocal tariff negotiations.

The two leaders welcomed the two negotiating delegations reaching consensus on a Vietnam - US joint statement concerning a fair, reciprocal, and balanced trade agreement framework.

The US President highly valued Vietnam’s commitment to granting preferential market access for US goods, including large-engine automobiles.

President Donald Trump affirmed that the US will significantly reduce tariffs on many Vietnamese export products, and will continue to work with Vietnam to resolve outstanding trade-related issues, particularly in priority areas of both sides.

General Secretary Lam called on the US to soon recognize Vietnam as a market economy and lift export restrictions on certain high-tech products.

The two leaders expressed their delight at the strong and positive development of bilateral ties. 

The two leaders discussed a number of major directions and measures to promote the two countries’ Comprehensive Strategic Partnership in the coming years. They agreed to promote cooperation in the fields of economy, trade and investment.