Vietnam to Reduce its Tariff Rate on Imported Pork, A Positive Step for U.S. Access

Better access to Vietnamese pork markets is on the horizon for U.S. pork producers. The tariff rate, currently at 15% for imported pork, will soon be lowered to 10% according to the U.S. Meat Export Federation. After a rocky road for Vietnam’s domestic pork production due to African Swine Fever (ASF), tariff rates were temporarily reduced in the last half of 2020 to help stabilize the country’s pork supplies. The reduction expired January 1 of this year, but COVID-19 continues to provide obstacles to ASF recovery. Read more on the Vietnamese pork market here.