Trump Announces US Trade Deal With Vietnam, Including 20% Import Tariff
President Trump announced that the United States has agreed to a new trade deal with Vietnam on July 2.
Trump stated that Vietnam will pay the US a 20% tariff on all goods exported to the U.S. and a 40% tariff on transshipped goods. The higher 40% tariff targets products that are not originally made in Vietnam but are routed through the country to bypass higher tariffs. This move is significant, as many countries have used Vietnam as a transit point to avoid stricter trade penalties aimed at Chinese...
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