Vietnam's PM announces that Vietnam will review duties on US LNG and high-tech products

A report on the website of the government said that Prime Minister Pham Minh Chinh had told the U.S. Ambassador to Vietnam that Vietnam was reviewing its duties against U.S. products. This includes liquefied gas, agricultural and high-tech goods.

Southeast Asia's industrial hub, which relies heavily on exports to America and enjoys a large surplus in trade with Washington, is scrambling for ways to avoid the reciprocal tariffs the Trump administration has threatened to impose globally to reduce America’s trade deficit.

Chinh stated that "relevant ministries and sectors are actively reviewing the import tariffs for goods from the United States. This encourages increased imports of U.S. key products which Vietnam needs. Especially agricultural products, liquid gas, and high-tech items," according to the report posted on the government portal.

Chinh met U.S. ambassador Marc Knapper on Thursday.

A Vietnamese delegation headed by Nguyen Han Dien, the trade minister of Vietnam, is currently in America

According to a document from the Vietnamese government, and is planning meetings with top energy and trade officials in order to reach deals. (Reporting and editing by Francesco Guarascio, Khanh Vu)

(source: Reuters)