VN wants exclusion from US steel tariffs

March 12, 2018 - 09:00

The Ministry of Industry and Trade (MoIT) has urged the US Government to consider excluding Vietnamese products from its newly announced tariff measures on imported steel and aluminium.

The Ministry of Industry and Trade (MoIT) has urged the US Government to consider excluding Vietnamese products from its newly announced tariff measures on imported steel and aluminium. — Photo cafef.vn

HÀ NỘI — The Ministry of Industry and Trade (MoIT) has urged the US Government to consider excluding Vietnamese products from its newly announced tariff measures on imported steel and aluminium.

The ministry stressed that Vietnamese steel and aluminium products sold to the US are intended for use in civil construction, not for infrastructure or security-defence purposes, thus not affecting the US goal of ensuring its national security.

Moreover, Việt Nam’s steel and aluminium products account for just a marginal proportion of US imports of those products, and neither cause nor threaten to cause damage to the US steel and aluminium industries, the MoIT said.

The ministry will continue to keep close watch on the situation and consider subsequent actions to ensure the legitimate interests of Vietnamese enterprises, while maintaining the growing trend of the comprehensive partnership between Việt Nam and the US.

US President Donald Trump, on March 8, signed proclamations to impose a 25-per-cent tariff on imported steel and a 10-per-cent tariff on imported aluminum. — VNS

Tags Vietnam economy steel tariff US import tariff

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