Vietnam is currently facing significant economic challenges as the US imposes a steep 46% tariff on its exports, prompting a strong reaction from the Vietnamese government. As Vietnam seeks to maintain strong ties with the US amidst escalating trade tensions with China, Deputy Prime Minister Ho Duc Phoc is engaging in vital discussions with US Treasury Secretary Scott Bessent to negotiate a potential trade agreement. In a bid to alleviate the economic pressure caused by the tariffs, Vietnam has offered to eliminate all tariffs on US goods. Meanwhile, President Trump has indicated a willingness to negotiate and learn more about the implications of these tariffs. The Vietnamese economy, heavily reliant on global trade, is at a crossroads, with calls for the government to restructure its economic policies toward sustainable development. Concerns are mounting as businesses in sectors like seafood and manufacturing warn of rising prices and potential closures due to the tariffs. As negotiations continue, Vietnam aims to solidify its position as a viable manufacturing alternative to China while balancing its trade relationships.