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Apple to join American business mission to Vietnam next week

MacDailyNews

Mar 14

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A group of leading American companies in technology, defense, and energy sectors, including Apple, will participate in a significant business delegation to Vietnam next week, according to a participant list obtained by Reuters.

This move could indicate optimism as Vietnam works to steer clear of potential U.S. trade tariffs.

The yearly event, coordinated by the US-ASEAN Business Council, an advocacy organization, comes at a time when Vietnam is reassessing its tariffs on American products — including liquefied natural gas, agricultural goods, and advanced technology — amid the will from U.S. President Donald Trump to impose reciprocal tariffs on nations with which it trades.

Reuters:
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Executives from more than 60 U.S. large companies will travel to Vietnam next week, according to the organisers.
Among them are companies already with large operations in the country, including Apple, Intel, Coca-Cola, and Nike, and also corporations that may seek to expand into Vietnam’s booming economy, including Boeing, Amazon, and Bell Textron, according to the list seen by Reuters.
Vietnamese officials have repeatedly said they want to boost imports of LNG products and services from the United States as a way of reducing the country’s trade surplus with Washington, which totalled more than $123 billion in 2024.
The U.S. companies will meet top Vietnamese officials, including Prime Minister Pham Minh Chinh and the General Secretary of the ruling Communist Party To Lam, according to an internal agenda seen by Reuters.
U.S. companies in Vietnam have voiced concerns about their operations in Vietnam, a key manufacturing base for multinational companies, if Trump imposes tariffs on the country.

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MacDailyNews Take: There’s an exceedingly simple way for countries to avoid reciprocal U.S. import tariffs. Whatever tariff level you want is the tariff level you impose. If you don’t wish to face U.S. import tariffs, don’t impose tariffs on U.S. products and services.

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