The U.S. and Vietnam have launched trade negotiations after President Donald Trump paused the implementation of a 46% tariff on Vietnam’s exports, a move that could bolster the country’s growing tech manufacturing sector.
What Happened: On Thursday, the Vietnamese government announced that it would begin trade talks with the U.S., following the temporary halt of a hefty tariff on Vietnamese goods, reported Reuters.
The 90-day pause, which came after discussions between U.S. Trade Representative Jamieson Greer and Vietnam’s Deputy Prime Minister Ho Duc Phoc, signals a potential shift in the two nations’ economic relations.
Why It Matters: Vietnam had a $123 billion trade surplus with the U.S. last year, meaning Vietnam exported way more to the U.S. than it …