American and Vietnamese businesses are asking Trump to postpone the imposition of reciprocal tariffs on Vietnam.

According to Mars Finance, American and Vietnamese companies are urging the Trump administration to postpone plans to impose a 46% tariff on Vietnamese goods, stating that the tariffs would harm their businesses and bilateral trade relations. The Vietnam Chamber of Commerce and the American Chamber of Commerce in Hanoi expressed concerns in a letter dated Saturday to Secretary of Commerce Wilbur Ross, stating that the tariffs set to take effect on Wednesday are “astonishingly high.” The U.S. Chamber of Commerce and the Vietnam Chamber of Commerce stated in a declaration: “Dropping tariffs on products entering Vietnam, as well as lowering tariffs on products entering American consumers, will benefit American companies, the economy, and consumers. Higher tariffs will not.” (Jin10)