Donald Trump, Vietnam and trade deal
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Vietnam Trade Deal Takes Aim at Back Door for Chinese GoodsThese provisions of the Vietnam deal show that China remains the central focus of U.S. trade policy even after Washington and Beijing reached a shaky trade truce and discussions with other partners over trade drag on. The agreement implies that other ...
Vietnam's economy grew at a faster pace in the second quarter of this year led by strong exports, in an encouraging sign just days after U.S. President Donald Trump said he would place lower-than-threatened 20% tariffs on many Vietnamese products.
The US trade agreement with Vietnam reportedly lowers tariffs but lacks detail, triggering sharp warnings from Chinese officials.
President Donald Trump announced a trade deal with Vietnam on Wednesday that would allow U.S. goods to enter the country duty-free.
Vietnam is a top destination for retailers and brands looking to reduce their reliance on factories in China, but has also become a target of Trump's aggressive trade policy.
The announcement came after President Trump in April proposed a steep 46% tariff on Vietnamese imports; he later paused those tariffs while talks continued.