Vietnam to Lower Duties on Corn, Wheat, Pork
Vietnam announced lower duties on corn, wheat and pork imports this week, the U.S. Department of Agriculture Foreign Agricultural Service said Nov. 16. The country eliminated its most-favored nation tariff rates for all classes of wheat. Duties on corn dropped…
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from 5% to 2% and on frozen pork from 15% to 10%. The tariff reductions for wheat and corn take effect Dec. 30; for frozen pork, July 1, 2022. USDA said the new tariffs are expected to give U.S. producers “greater access” to the Vietnamese market and make U.S. exporters more competitive with countries that have free trade deals with Vietnam.