Hanoi: US President Donald Trump's decision to temporarily pause reciprocal tariffs on imports from over 75 countries, including Vietnam, is a positive step, Spokesperson of the Ministry of Foreign Affairs Pham Thu Hang said on April 10. Hang was speaking in response to reporters' question about the ministry's comment and Vietnam's planned actions following the US President's announcement of a 90-day pause on reciprocal tariffs a day earlier.
According to Vietnam News Agency, Pham Thu Hang emphasized the importance of this decision in fostering smoother trade relations between the United States and its trading partners. The pause on tariffs is seen as an opportunity for countries affected by these tariffs to negotiate more favorable trade terms and reduce trade barriers.
Hang highlighted that Vietnam is among the countries that stand to benefit from this temporary halt, as it allows for a period of reflection and dialogue aimed at improving trade dynamics. The spokesperson reiterated Vietnam's commitment to engaging with the United States in discussions during this pause to ensure mutual benefits in the long term.
The announcement by President Trump has been met with cautious optimism by various countries, and leaders are expected to utilize this 90-day period to explore avenues for more sustainable trade practices. This decision is part of ongoing efforts to address trade imbalances and work towards more equitable international trade agreements.