March 11, 2018 | 20:20 (GMT+7)
Vietnam wants exclusion from US’s steel tariff
The Ministry of Industry and Trade (MoIT) of Vietnam 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 are sold to the US are intended for use in civil construction, not for infrastructure or security-defense purposes, thus not affecting the US’s goal of ensuring national security.
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Vietnam wants exclusion from US’s steel tariff. Photo for illustration |
Moreover, Vietnam’s steel and aluminium products account for just a marginal proportion in the US’s import of those products; therefore, they neither cause nor threaten to cause any damage to the US steel and aluminium industries, the MoIT said.
The ministry will continue to keep close watch of the situation and consider subsequent actions to ensure the legitimate interests of Vietnamese enterprises while maintaining the growing trend of the comprehensive partnership between Vietnam and the US.
US President Donald Trump on March 8 signed proclamations to impose a 25-percent tariff on imported steel and a 10-percent tariff on aluminum.
Source: VNA