This country bows down in front of US, offers to end tariffs, tough competition with India, country is….

Nice his election marketing campaign pledge, United States President Donald Trump on April 2 imposed retaliatory tariffs on many international locations of the enviornment. Since then, there became once an uproar in the full world. The announcement impacted the entire main markets, including the Asian market, Chinese market, and the Australian market; all are witnessing a decline. The Indian market also went down by 3,000 points as quickly as it opened on the present time. Within the period in-between, info is coming from the Southeast Asian nation of Vietnam. The US had introduced a tariff of 46 percent on Vietnam, after which Vietnam wrote a letter to The US and offered no longer to impose tariffs on items coming from there.

As per ET experiences, to Lam, the head of the Communist Salvage collectively of Vietnam, wrote a letter to the US on 5 April 2025. In which he told the US to give any concessions in the tariffs imposed against it. To Lam demanded that the US give it an exemption in tariffs for forty five days after 9 April. In return, he offered to promote American merchandise in his nation without tariffs for forty five days after 9 April. In return, he offered to promote ‘Made In The US’ in the nation without imposing any tariffs.

Big Blow To Vietnam

Critically, the Trump administration imposed the highest tariff on Asian international locations, of which Vietnam and China are illustrious. As per experiences, Vietnam became once turning into a main alternate partner of the Dragon. This tariff imposition will no longer most productive motive losses to Vietnam, but can even maintain an impress on China.

Chaos In Indian Market

The US’s new tariffs maintain brought about global market turmoil. On the time of this epic, the Sensex, a main Indian stock market index, has dropped over 4%, for the time being buying and selling at 72,315.17, a decrease of 3049.52 points.