The tax exemption move by the U.S. is a positive signal for Vietnam's pepper industry.

On November 14, U.S. President Donald Trump signed an executive order exempting tariffs on a range of foods such as coffee, tea, tropical fruits, fruit juices, cocoa beans, spices, bananas, oranges, tomatoes, beef, and certain fertilizers. The Vietnam Pepper and Spice Association (VPSA) assessed that this decision is a positive signal, as imported spices into the U.S. could see reduced tariff barriers if they fall under the exempted categories. This is a favorable opportunity for Vietnam to regain market share in the U.S. market if businesses can meet import standards, quality, and certifications. However, VPSA noted that the tariff exemption does not mean all import taxes are waived. Businesses still need to comply with regular U.S. import taxes, customs procedures, food safety standards, certifications, etc. Moreover, not all agricultural products are exempt from tariffs. Even though spices are listed, Vietnamese businesses should still check details with U.S. importers and ...