President Trump announces trade deal with Vietnam. Vietnam to pay 20% tariffs on all exports to the U.S., plus 40% on transshipped goods. In return, U.S. exporters face 0% tariffs entering Vietnam.
President Trump announced a trade deal with Vietnam on July 2 that slaps a 20% tariff on every Vietnamese product shipped to the United States and a 40% tariff on goods transshipped through Vietnam. In return, Vietnam agreed to impose 0% tariffs on all American goods entering its market. That includes cars, meat, grain, and …