As the two nations engage in tariff negotiations, the United States has declared that Vietnam’s trade deficit with the Southeast Asian nation is “unsustainable” and a big problem.
Vietnam is negotiating with the US, its largest export business, to urge US President Donald Trump’s administration to accept its enormous trade deficit as mild after Trump announced a “reciprocal” tax rate of 46 % on Asian products, which will start effecting in July.  ,
In a conference with Vietnam’s deputy finance minister Cao Anh Tuan on Thursday, Robert Kaproth, a mature US Treasury official, stated that the nation must take steps to stop illegal transhipment and other forms of commerce fraud, according to a report from Vietnam News Agency on Friday.  ,
In order to reduce the trade deficit, which was over US$ 123 billion next year, Tuan asked Kaproth to assist Vietnam in facilitating its imports of British high-tech products.  ,
According to the report, Vietnam is looking for products that are US-strong in the fields of agriculture, large systems, aircraft, machinery and equipment, and energy, according to Tuan.  ,
A request for comment on the review was not immediately addressed to the US Treasury.