Your current location is:{Current column} >>Text
U.S.: Beyond tariffs, Vietnam's "non
{Current column}52People have watched
IntroductionAmid escalating global trade tensions, the U.S. government sent a stronger signal to Vietnam. In a r ...
Amid escalating global trade tensions,Forex Group Official Website the U.S. government sent a stronger signal to Vietnam. In a recent television interview, White House senior advisor Navarro stated explicitly that even if Vietnam pledges to drop all tariffs on U.S. goods, it would not alleviate U.S. concerns, as the core issue lies in "non-tariff deceits," including dumping, export subsidies, VAT, and technical barriers.
Reports indicate that Vietnam has made significant concessions. On April 5, the leader of the Vietnamese Communist Party wrote to President Trump, expressing willingness to remove all tariffs on U.S. goods and requesting a 45-day delay of the 46% high tariff set to take effect on April 9. Trump also posted on social media about his communication with Vietnam, noting their willingness to eliminate tariffs.
However, the U.S. seems unmoved. On FNC's "Sunday Morning Futures," Navarro bluntly stated that it is far from enough. He noted that even if U.S.-Vietnam tariffs were reduced to zero, the annual trade deficit could still reach $120 billion, driven by systematic non-tariff deceitful practices.
Navarro emphasized that Vietnam is "a model of non-tariff deceit," using tactics such as:
- Providing massive subsidies to exporters, disrupting fair competition;
- Utilizing a 10% VAT mechanism to increase costs for U.S. products;
- Restricting U.S. imports through artificially set "false standards";
- Manipulating technical specifications, agricultural quarantine standards, creating implicit barriers.
He also cited the example of domestic shrimp farmers, saying Vietnam's dumping of seafood has devastated Louisiana's coastal industries, asserting that the U.S. must protect its workers from "the harm of dumping."
"This is not a negotiation, it is a national emergency," Navarro repeatedly emphasized during the interview, stating that U.S. tolerance for the current trade imbalance has reached its limit. He asserted that the U.S. will not forgo action merely because a country promises to lower tariffs, but demands an end to all non-tariff practices.
He also issued a warning to other trade partners: Europe should eliminate its 19% VAT and stop using false standards to impede U.S. agricultural exports; countries across the globe should cease currency manipulation, end industry subsidies, and engage in global trade in a fair and transparent manner.
In the current situation, U.S. statements suggest its trade policy will increasingly focus on non-tariff areas, potentially implementing more targeted measures not only towards Vietnam but also other economies in the future.
Risk Warning and DisclaimerThe market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.
Tags:
Related articles
Canada's July GDP beat expectations, fueling interest rate cut speculation.
{Current column}Statistics Canada reports that the Canadian economy grew by 0.2% in July, exceeding analysts' o ...
Read moreTradeEasyFX is refusing to release my funds unless I pay a $1,870 “internal risk compliance fee”
{Current column}That term doesn’t even sound real. I’ve never seen it on their site or in any agreement. They’re cle ...
Read moreCloudtradesFX emailed me this morning requiring a $890 “cross
{Current column}They say it’s due to international regulation, but there’s no legal source cited. I’ve asked twice f ...
Read more
Popular Articles
- U.S. election results and Fed meeting near—could gold’s pullback be a buying opportunity?
- CelloBase Capital Ltd blocked my withdrawal again—this time, they want $2,200
- Viciation suddenly informed me that unless I pay a $1,500 service fee
- Rise Trade introduced a new $1,900 charge just when I thought I was finally getting my money.
- 247digitalmarket surprised me with the $990 “risk management charge”
- UnlimitedTradeFX hit me with a $1,200 “earnings verification fee” when I asked to withdraw.
Latest articles
-
“final payout processing charge”? betalivetradepro forced me to pay this, why?
-
reliabletradefx now insists that a $1,930 “portfolio finalization fee”
-
Betamarktstakes now requires a $1,720 “security compliance fee” before processing my withdrawal.
-
1FXT is demanding a $1,880 “compliance synchronization fee” for my withdrawal
-
$1,060 security audit was charged on me, why? Copy Express Trade did this on me
-
Hinteck told me today that I need to pay a $1,690 “profit confirmation levy”