Here is a 100-word summary:
Vietnam has offered to remove all tariffs on US imports in response to President Trump’s recent tariff announcement, which stunned the fashion industry. Vietnam is a key supplier to US brands like Nike and would be hit with 46% tariffs. Indonesia, Cambodia, India, Taiwan, and Malaysia have also said they won’t retaliate and want to negotiate. China, however, has taken a hardline approach, imposing its own tariffs. Vietnam’s communist party chief has asked Trump to delay the tariffs for 45 days. US Commerce Secretary Lutnick said the tariffs will stay in place, but Trump has in the past delayed or reversed course when trade partners made concessions. The offer from Vietnam and other countries comes as they seek to avoid the hefty duties, which are set to take effect on April 9.
