$3 Billion to Buy U.S. Agricultural Commodities: Vietnam Seeks a Good Deal of Reciprocal Trade Agreement with the U.S.
- From June 2 to 6, 2025, during a visit to multiple U.S. states and Washington, D.C., Vietnam’s delegation finalized 20 memoranda of understanding totaling $3 billion to import American agricultural products.
- These purchases aim to counter the 46 percent tariff imposed by U.S. President Donald Trump on Vietnamese goods since April and to promote balanced trade between the countries.
- The delegation emphasized strengthening ties through strategic agreements involving Iowa's $800 million and Ohio's $600 million commitments focused on soybeans, corn, wheat, and animal feed.
- Iowa Governor Kim Reynolds expressed gratitude for the newly signed agreements, emphasizing their role in supporting local farmers and enhancing trade connections between Iowa and Vietnam’s agricultural sectors, while business representatives called for a swift reevaluation of existing tariffs.
- The outcomes suggest deeper bilateral cooperation and shared supply chains, with governments and businesses seeking to reduce tariffs and boost prosperity for farmers and consumers in both countries.
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$3 Billion to Buy U.S. Agricultural Commodities: Vietnam Seeks a Good Deal of Reciprocal Trade Agreement with the U.S.
Vietnam seeks $3B U.S. agri imports for trade balance
WASHINGTON D.C, US - Media OutReach Newswire - 7 June 2025 - Vietnam's Minister of Agriculture and Environment Do Duc Duy led a delegation of nearly 50 agencies, agribusinesses, and associations to the United States from June 2–6, 2025, to promote trade and increase imports of agricultural and timber products. The delegation held business dialogues in Iowa, Ohio, Maryland and Washington, D.C. MoU signing to purchase US agricultural c…
The volume exported compensated for the fall in prices and the lower temporal rates.The entry Agricultural contributed USD 3.3 billion in retentions in six months, 25% more than in 2024 was first published in Data 24.
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