President Donald Trump is imposing a 10% baseline tariff on nearly every country, including China and Vietnam —two key players in the U.S. toy industry. Vietnam may be more willing to negotiate quickly than China due to the importance of its trade ties with the U.S.
According to details shared by Trump on Truth Social, he had a productive conversation with Vietnam’s General Secretary, To Lam, who expressed a desire to reduce tariffs to zero if an agreement is reached between both countries. Trump indicated plans for an upcoming meeting to discuss further terms as well.
