President Donald Trump announced on Friday morning that Vietnamese leader To Lam is willing to eliminate tariffs to avoid punishing new U.S. duties imposed on the Southeast Asian nation’s imports.
“Just had a very productive call with To Lam, General Secretary of the Communist Party of Vietnam, who told me that Vietnam wants to cut their Tariffs down to ZERO if they are able to make an agreement with the U.S. I thanked him on behalf of our Country, and said I look forward to a meeting in the near future,” Trump wrote.
“News of the call, which Trump posted about on social media, sent stocks of companies that make some of their goods in Vietnam higher. Shares in Nike, for example, jumped more than 4%. The Trump administration had levied tariffs of 46% on Vietnam earlier this week. Trump said Friday he looked forward to meeting with To Lam in the near future,” the Wall Street Journal reported.
This comes as the U.S. economy boomed in March.
The U.S. economy continued to add jobs in March and the pace of job gains picked up at a faster pace than a month ago despite economic uncertainty.
