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BumRushDaShow

(150,573 posts)
Sun Apr 6, 2025, 09:16 AM Apr 6

US, Vietnamese businesses ask Trump to delay 46% tariffs on Vietnam

Source: Reuters

April 6, 2025 3:27 AM EDT Updated 6 hours ago


HANOI, April 6 (Reuters) - U.S. and Vietnamese businesses have asked the Trump administration to delay its planned 46% tariff on Vietnamese goods, saying the levy will hurt them and bilateral commercial relations.

The Vietnam Chamber of Commerce and Industry and the American Chamber of Commerce in Hanoi expressed concern to Commerce Secretary Howard Lutnick in a letter dated Saturday, saying the tariff, to take effect on Wednesday, was "shockingly high".

"Lower tariffs for products coming into Vietnam, and for products reaching the American consumer is what will help U.S. companies, the economy, and consumers," AmCham and VCCI said in a statement. "Higher tariffs will not." The Southeast Asian country, a major regional manufacturing base for many Western companies, posted a trade surplus of over $123 billion with the U.S., its largest export destination, last year.

President Donald Trump and Vietnamese leader To Lam agreed on Friday to discuss a deal to remove tariffs, both said after a phone call that Trump called "very productive".

Read more: https://www.reuters.com/markets/us-vietnamese-businesses-ask-trump-delay-46-tariffs-vietnam-2025-04-06/



The U.S. gets a shit-load of shrimp (and lobster tails, and other seafood) from Vietnam, which stresses the shrimpers (including many Vietnamese-American ones) working off the Gulf Coast, notably Louisiana & Alabama, and those who catch lobsters in New England.

Apparently the Gulf state seafood farmers are all for tariffs.

Makes you think of this -





This is not even including quite a bit of clothing, etc., that comes from Vietnam, and many Asian food stores import food products from Vietnam for resale, and restaurants.
16 replies = new reply since forum marked as read
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sop

(13,628 posts)
1. Mafia Don will now demand a "protection fee" to avoid something bad happening to Vietnam's economy.
Sun Apr 6, 2025, 09:34 AM
Apr 6

wolfie001

(4,551 posts)
2. So, the plan is to have Musk robots make all of our clothing?
Sun Apr 6, 2025, 09:49 AM
Apr 6

Still will be too expensive and now only Musk will receive any benefit? Got it.

snowybirdie

(6,011 posts)
4. Im willing to bet
Sun Apr 6, 2025, 10:33 AM
Apr 6

That Felon's Library fund sees a big influx of cash as countries look for tariff relief. "A little something for the "legacy" sir.".

Bernardo de La Paz

(54,580 posts)
5. Cramer made quite an impassioned but controlled plea to "Mr President" on Friday morning and evening
Sun Apr 6, 2025, 10:47 AM
Apr 6

I don't usually watch Cramer at all, but Thursday and Friday were exceptional, as might be Monday up or down. I have of course seen him jumping around and mashing buttons and various antics. This was different, much calmer, but harder and very direct to the camera.

He asked tRump to help companies like Nike and RH who had "done the right thing" in response to tRump 1.0 tariff tax on Chinese products by shifting production to Vietnam and India.

BumRushDaShow

(150,573 posts)
6. "I don't usually watch Cramer at all,"
Sun Apr 6, 2025, 11:12 AM
Apr 6

He is the king of bombastic delivery... I suppose an attempt to make a somewhat staid, boring, and droll subject such as "business", into something as "exciting and dramatic" as discussing sports, complete with "color analysts" and whatnot. He was born and raised just outside of Philly (in the same township where my sis lives) and is one of a number of NBC/MSNBC/CNBC "Philly" (area) and/or associated show hosts (that included Tweety, Michael Smerconish, Andrea Mitchell, Kristen Welker, etc), since Comcast is headquartered here (building our 2 tallest skyscrapers downtown).

I remember watching his show when it debuted way back (I used to watch PBS's "Wall Street Week", in its various forms, back in the day), and was like WTF? It was a bit gimmicky although I assumed some things about the reasoning for why they did it that way. CNN had attempted their own financial channel - CNNfn - but couldn't quite match what CNBC eventually became after they saw the lessons learned from CNN's outing.

Bernardo de La Paz

(54,580 posts)
7. Yes, which is why his calm direct deliveries Friday morn & evening were noteworthy. tRump probably heard about it. nt
Sun Apr 6, 2025, 11:16 AM
Apr 6

BumRushDaShow

(150,573 posts)
8. He's an artifact of the "old" GOP financial theories
Sun Apr 6, 2025, 11:19 AM
Apr 6

versus this chaotic application of wild and fringe economic policy.

Bernardo de La Paz

(54,580 posts)
9. Yes, not new since he is against free trade & globalization. But not whacky about analysis either. . . nt
Sun Apr 6, 2025, 11:23 AM
Apr 6

Response to BumRushDaShow (Original post)

kimbutgar

(24,792 posts)
11. He is the leader of North Korea and his country is not so productive as to exporting things
Sun Apr 6, 2025, 11:49 AM
Apr 6

I don’t thing the orange monster imposed tariffs on his fellow monster Kim Jon Un !

cadoman

(1,195 posts)
13. Forest Gump would be the Albert Einstein of MAGATs
Sun Apr 6, 2025, 12:04 PM
Apr 6

On behalf of the real United States I apologize to the hard-working Vietnamese fisherpersons and shrimppersons and all the other laborers who make the critical goods we need every day. You are the real heroes of this story and Democrats are working every day to preserve and/or restore our previous trade terms.


TexasBushwhacker

(20,873 posts)
15. ALL of Trump's clothing line, as well as Ivanka's
Sun Apr 6, 2025, 12:34 PM
Apr 6

were made overseas. ALL OF IT! Why was it okay for him then, and no one else now?

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