Core Viewpoint - Vietnam is actively engaging in trade negotiations with the United States to address trade imbalances and enhance bilateral economic relations, with a focus on increasing imports from the U.S. and potentially reducing tariffs in response to Vietnam's measures [1][3][6]. Group 1: Trade Negotiations - Vietnam will hold its first round of bilateral trade negotiations with the U.S. on May 7, with commitments to increase imports from the U.S. and discussions on tariff reductions [1]. - The Vietnamese Minister of Industry and Trade, Nguyen Hong Dien, emphasized the strong economic complementarity between the two countries and the need for a balanced and sustainable trade relationship [1][2]. - The U.S. has expressed appreciation for Vietnam's willingness to negotiate and aims to reach a mutually beneficial agreement to stabilize trade relations [1][3]. Group 2: Economic Dependence - The U.S. is Vietnam's second-largest trading partner and the largest export market, with Vietnam's exports to the U.S. projected to reach $119.6 billion in 2024, accounting for nearly 30% of Vietnam's total exports [2]. - Vietnam's economy is heavily reliant on exports, with the total export value expected to represent about 85% of its GDP in 2024, indicating that stability in U.S. exports is crucial for Vietnam's economic growth [2]. Group 3: Trade Imbalance and U.S. Pressure - The trade deficit between the U.S. and Vietnam reached $1,235 billion in 2024, an increase of 18.1% year-on-year, prompting the U.S. to impose a 46% punitive tariff on Vietnamese goods [3][5]. - Vietnam has been proactive in addressing U.S. concerns over trade imbalances, including commitments to purchase more U.S. goods and open its market to U.S. agricultural products [4][5]. Group 4: Future Outlook - Despite Vietnam's efforts to engage positively with the U.S., there are concerns about whether these actions will lead to favorable outcomes, as past negotiations with other countries have not always resulted in beneficial agreements [7]. - Experts suggest that merely conceding to U.S. demands may not be perceived as genuine goodwill, and a demonstration of resolve may be necessary to achieve a more favorable negotiation outcome [7].

闭幕后举行记者会的 在2月于南非开普敦召开的上次会议上，虽然没有发表联合声明，但发布了主席总结，针对美国 关税称"重申了抵制保护主义的承诺"。而此次没有发表这样的总结。 主席国南非（4月24日，华盛顿） 在华盛顿举行的G20财长和央行行长会议在未发布"主席总结"的情况下闭幕。本应一直高举自由 贸易旗帜的美国挥舞起高关税大棒，转变为遭受各国批评的一方。不过，也有意见认为：在没有 美国的"G19"中，国际社会维持和重建相互信任存在困难…… 在美国首都华盛顿召开的二十国集团（G20）财长和央行行长会议于4月24日在未发布"主席总 结"的情况下闭幕。本应一直高举自由贸易旗帜的美国挥舞起高关税大棒，转变为遭受各国批评的 一方。超级大国已经主动让位国际合作的盟主宝座。全世界正在摸索着寻找新的平衡。 "这对美国国内外的经济增长都会造成损害"，法国经济和财政部长勒梅尔指出。 "贸易的不确定性已成为世界经济的强烈逆风"，加拿大财政部长尚帕涅这样说。 出席G20财长会议的各国部长们，在相关活动等场合也接二连三的批评了美国的单方面关税政 策。 会议主席国南非的央行行长康亚戈在闭幕后的记者会上称："由于报复性关税大战，对话可能无法 ...

Capping a week of earnings calls with CEOs in many industries slashing forecasts and warning of dire impact from Donald Trump‘s tariffs, Charter Communications‘ Chris Winfrey advanced a different view. Speaking to Wall Street analysts on the company’s first-quarter call Friday morning, Winfrey characterized the tariffs in favorable terms, though he gestured to the uncertainty gripping corporate America. “Charter’s an American company offering services to more than 57 million U.S. families and businesses,” ...

2025.04. 12 本文字数：1515，阅读时长大约3分钟 作者 | 第一财经 胥会云 对于美国特朗普政府以解决贸易逆差之名发起的关税战，复旦大学经济学院院长张军表示，正是贸易 不平衡，才维持了美国长达半个世纪的货币和金融霸主地位。换句话说，贸易不平衡本身不是问题， 而是答案。 在4月11日复旦大学经济学院举行的名为"特朗普的'对等关税'政策及其可能的影响"的沙龙上，张军表 示，对美国来说，如果要贸易平衡，就要失去更多，付出更大的代价。近期金融市场和美元指数的变 化也表明，这只会扰乱现有的秩序，导致混乱和不确定性的增加，也已经干扰了美元汇率。 "但我不相信美国人真的愿意付出这个代价。"张军说。 对中国而言，张军认为，中国有着超14亿人口、超4亿中等收入群体的超大规模市场，有更多机会来 处理需求的问题，来破解制造业国家的发展约束。中国也需要尽可能释放国内潜在的消费需求，形成 一个支撑内循环的总需求，让企业和投资者在国内市场有可以预期的稳定回报率和利润率。 如何看待中美贸易不平衡 张军认为，这种贸易不平衡并不代表贸易擂台上的输赢，而是两个国家在其它很多方面拥有的巨大差 异的写照。 比如，根植于自然禀赋、文化基 ...

美国财长贝森特：美国总统特朗普承诺修复贸易不平衡问题。 ...

文/《清华金融评论》 王茅 北京时间4月3日凌晨，特朗普公布了备受瞩目的新一轮关税举措，导致全 球股市普跌，今日跌幅最大的是越南和日本股市，金价则再创新高。受美 国关税政策影响，美联储短期内或难以下调利率。市场将密切关注关税反 制措施。 对等关税整体力度大超预期，导致股市普跌，黄金再创新高 特朗普新一轮关税政策分为基准关税和对等关税两部分。基准关税提升10%，4月5日起生效，整体而言 低于市场此前预期。 而对等关税，整体力度大幅超过预期，预计4月9日起生效，其中对中国加征34%关税（合计54%）， 对欧盟加征20%关税，对日本加征24%关税，对越南加征46%关税，对印度加征26%，对韩国加征25% 关税等。 值得注意的是，加拿大、墨西哥并未被列入对等关税名单当中 ， "美墨加"协定下的商品关税豁免将继 续下去。 在对等关税的冲击下，各国股市纷纷走低，今天跌幅最大的是越南和日本，越南股市暴跌7%，日本股 市大跌3%。 A股与H股延续调整，收盘时上证指数下跌0.24%，恒生指数下跌1.52%，人民币对美元一度贬至7.35。 美国对华加征关税54%，大超市场此前预期，中国资产尚未充分定价关税冲击带来的影响，贸易摩擦 ...

Core Viewpoint - The article discusses Trump's proposal for a "fair reciprocal trade plan" aimed at imposing equal tariffs on trade partners to address perceived trade imbalances and enhance U.S. economic security and job creation [1][4][20] Group 1: Reasons for Proposing "Reciprocal Tariffs" - Trump believes that many countries impose unequal tariffs on U.S. goods, putting American companies at a competitive disadvantage [4] - The proposal aims to correct trade imbalances and create more jobs in the U.S. [4] - Key considerations for imposing reciprocal tariffs include high tariffs imposed by other countries, unfair taxes like digital service taxes, non-tariff barriers, and currency manipulation [5][20] Group 2: Assessment of Tariff Inequality - The concept of "excess tariffs" is defined as the extent to which tariffs imposed by other economies on U.S. imports exceed those imposed by the U.S. on their exports [7] - Contrary to expectations, most economies do not impose significantly higher tariffs on U.S. goods, with China facing the highest tariffs from the U.S. [7][9] - As of February, the U.S. tariffs on China were 12% higher than those China imposes on U.S. goods, indicating that China is disproportionately affected [7][9] Group 3: Impact on Specific Industries - If reciprocal tariffs are specifically targeted at China, industries such as textiles, light manufacturing, and electronics may be significantly impacted [11][12] - The textile and apparel industry is particularly vulnerable, with China's tariffs on U.S. imports exceeding those imposed by the U.S. [11][13] - Key products like computers and accessories, toys, and fans are likely to face higher tariffs, with an example being a 25% tariff on U.S. laptops imported into China [13] Group 4: Advantages for Chinese Industries - If reciprocal tariffs are applied uniformly across all trade partners, many Chinese export industries could benefit due to lower tariffs compared to those imposed by other countries [14][15] - The electronics and machinery sectors are highlighted as having significant potential advantages, as they represent a large share of China's exports to the U.S. [15][19] - Industries such as power equipment, knitting, and chemical fibers also show strong potential advantages in the context of reciprocal tariffs [18][19]