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Trump is dissatisfied with the trade deficit and calls to urge the Vietnamese Prime Minister.

by YCPress

December 23rd According to Reuters, a White House spokesman said that US President Trump called Vietnamese Prime Minister Nguyen Chunfu on the 22nd.

Trump expressed concern about the trade deficit between the United States and Vietnam and urged Nguyen Chunfu to take “bold actions” to ensure that “fairness and reciprocity” between the United States and Vietnam. Trade relations.

Trump listed Vietnam as a “currency manipulator” last week, and the business community believes that this move will clear the way for the U.S. Trade Representative to impose tariffs on Vietnamese goods.

At that time, the National Bank of Vietnam responded that it would work with the U.S. government to ensure “harmonious and fair” trade relations.

Trump and Ruan Chunfu profile (Reuters)

According to the Vietnam News Agency, Nguyen Chunfu stressed in his call with Trump that Vietnam is a developing country and its economic strength is still limited.

The purpose of implementing monetary policy control is to curb inflation, stabilize the macro economy and carry out exchange rate control, rather than creating a competitive advantage in international trade.

Vietnam News Agency also said that during the call, the two sides agreed to instruct Vietnam and American departments and industries to continue to cooperate to comprehensively solve the concerns of the United States and Vietnam, so as to maintain stable trade relations and move towards trade balance, trade harmony, sustainable trade and mutually beneficial trade.

Trump stressed his great love for Vietnam and the Vietnamese people, and expressed the hope that he would visit Vietnam again in the future.

It is understood that in the first 10 months of 2020, the value of goods imported by American companies from Vietnam was about 65 billion US dollars, and the import value for the whole year of 2019 was 66.6 billion US dollars. T

he United States is Vietnam’s largest export market, accounting for more than a quarter of Vietnam’s total export revenue in the first 11 months of this year. Its main exports to the United States include clothing, electronics and wooden products.