TEMPO.CO, Jakarta - The President of the United States, Donald Trump conducted discussions with representatives from Vietnam, India, and Israel regarding new tariffs imposed on imported goods.
As reported by Firstpost on Saturday, April 5, 2025, Trump is in communication with representatives from these three countries to negotiate bilateral trade deals that could alleviate tariff burdens before the upcoming deadline next week.
US Secretary of State Marco Rubio discussed the new import tariffs with Israeli Prime Minister Benjamin Netanyahu, according to Reuters, citing the reading from their meeting at the Department of State. Despite being close allies, Trump imposed a 17 percent tariff on Israeli products.
The Times of Israel reported that Israeli Prime Minister Netanyahu is set to visit the United States, citing an announcement from Trump. If the visit materializes on Monday, April 7, 2025, one of the main agenda items is expected to be the Trump administration's 17 percent tariffs on Israeli goods.
On Friday, Vietnam, which was hit with a 46 percent tariff, announced that they would reduce tariffs on US goods to zero. Trump disclosed this announcement on his social media platform, Truth Social.
"Just had a very productive call with To Lam, General Secretary of the Communist Party of Vietnam. He told me that Vietnam wants to cut their Tariffs back to ZERO if they make a deal with the US. I thanked him on behalf of our Country, and told him I look forward to meeting in the near future," Trump said in a post.
Vietnam - the US's largest trading partner in Southeast Asia and a major manufacturing hub - was hit with a 46 percent duty as part of Trump's broader trade policy. Although earlier statements indicated that the tariffs were non-negotiable, recent discussions suggest otherwise.
Trump also commented that despite his friendship with Indian Prime Minister Narendra Modi, India imposes a 52 percent tariff on American goods. "We have charged them almost nothing for years," Trump said. The US currently imposes a 27 percent tariff on India.
Discussions between Trump and these nations only concern a small portion of those affected by his tariff measures. In particular, this is seen as the first phase of broader discussions as the countries consider their responses.
On Wednesday, President Trump signed an executive order setting a baseline tariff of 10 percent on all imports to the United States starting April 5, 2025.
Meanwhile, higher and reciprocal tariffs on countries with the largest trade deficits with the US will take effect on April 9, 2025.
Several countries have expressed their intention to retaliate against the tariff hikes.
For example, China announced it will impose a 34 percent tariff on all imports from the United States starting April 10, 2025.
As a result of the situation, the US stock market plummeted, losing a value of $6.6 trillion in two days of trading - the largest drop in the history of the country's stock market.
While some officials argue that the tariffs are an intentional effort by the president to disrupt the global trade pattern, Trump told reporters on Thursday that he believes the tariffs strengthen his ability to negotiate trade deals with other world leaders.
"Every country is calling us. That's the beauty of what we're doing - we're in the driver's seat. Tariffs give us a great strength for negotiation. They always do," Trump said.
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