Vietnam willing to cut tariffs on U.S., Trump says after 'productive call'

Nike and Lululemon shares higher following news of talk with General Secretary To Lam

20250404 Vietnam To Lam

To Lam, general secretary of the Communist Party of Vietnam. © Reuters

PAK YIU

NEW YORK -- U.S. President Donald Trump said Friday that he had spoken with Vietnamese ruling party chief To Lam, in one of the first discussions between American and Asian leaders in the days since Trump announced "reciprocal" tariffs of up to 49% for the region's countries.

"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.," Trump wrote on his Truth Social platform. "I thanked him on behalf of our Country, and said I look forward to a meeting in the near future."

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