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From Breitbart: President Donald Trump announced that Vietnam wants to drop tariffs on U.S. goods entirely if a deal can be struck between the countries.
Trump revealed the major development following a phone call with the general secretary of Vietnam’s Communist Party, To Lam.
The call comes days after Trump announced his sweeping worldwide reciprocal and baseline tariffs, which included a hefty 46-percent discounted reciprocal tariff on Vietnamese goods imported into America.
The reciprocal tariffs Trump imposed on many countries will take effect after midnight on April 9, while the ten-percent baseline tariffs on other nations are set to take effect Saturday.
In a post on his Truth Social page Friday morning, President Trump announced, “Just had a very productive call with To Lam, General Secretary of the Communist Party of Vietnam, who told me that Vietnam wants to cut their Tariffs down to ZERO if they are able to make an agreement with the U.S. I thanked him on behalf of our Country, and said I look forward to a meeting in the near future.”
On Thursday, billionaire investor Bill Ackman fired off a warning to world leaders hoping to strike a deal with the U.S., urging them to hurry up and get it done before it’s too late. Ackman wrote:
My advice to foreign leaders is that if you have not already reached out to President @realDonaldTrump, you need to do so immediately. Trump is, at his core, a dealmaker who sees the world as a series of transactions.
Based on his track record to date with foreign governments, law firms, and universities, he is a tough, but fair negotiator. He loves to make deals and he loves to get things done promptly.
I expect Trump will reward the early dealmakers with fairer deals than those that wait to sit down at the negotiating table. Countries that respond with additional tariffs on our goods will be severely punished. The carrot and the stick writ large, Big Boy style.
The Art of the Deal will soon be sold out on @amazon. But if you are running a foreign country that is now subject to massive tariffs, don’t wait to read the book. Just pick up the phone. Call the President, and make a deal. Just some advice from a friend of the global economy.
My advice to foreign leaders is that if you have not already reached out to President @realDonaldTrump, you need to do so immediately. Trump is, at his core, a dealmaker who sees the world as a series of transactions.
Based on his track record to date with foreign…
— Bill Ackman (@BillAckman) April 3, 2025
President Trump’s second eldest son, Eric Trump, also shared some words of advice.
“I wouldn’t want to be the last country that tries to negotiate a trade deal with @realDonaldTrump. The first to negotiate will win – the last will absolutely lose. I have seen this movie my entire life…,” he wrote.
I wouldn’t want to be the last country that tries to negotiate a trade deal with @realDonaldTrump. The first to negotiate will win – the last will absolutely lose. I have seen this movie my entire life…
— Eric Trump (@EricTrump) April 3, 2025
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