Navarro Rejects Vietnam’s Tariff Offer: Non-Tariff Barriers the Real Issue
Despite Vietnam’s offer to eliminate tariffs on U.S. imports, White House trade advisor Peter Navarro stated this would be insufficient to lift recently imposed levies. Navarro cited concerns over non-tariff barriers, including the rerouting of Chinese goods, intellectual property theft, and Vietnam’s value-added tax, as key obstacles. He later clarified that the zero-tariff offer would be a “small first start,” but significant trade issues remain. These tariffs, announced by President Trump, caused a stock market downturn, and further negotiations are anticipated.
John Q. Hosedrinker