The U.S. announced a new trade deal with Vietnam, implementing a 20% tariff on Vietnamese exports and a 40% tariff on goods transshipped through Vietnam. In return, Vietnam will drop all tariffs on U.S. goods and open its market to them. The deal has resulted in a small increase in Vietnam's stock market and positive movement in U.S. companies with manufacturing in Vietnam. However, details regarding transshipment and the extent of tariff reductions remain unclear, as the interpretation of these terms is ambiguous.
The U.S. will impose a 20% tariff on Vietnamese exports, while goods transshipped through Vietnam face a 40% levy, changing trade dynamics significantly.
Vietnam will eliminate tariffs on U.S. goods and is set to allow greater market access for U.S. products like SUVs, enhancing bilateral trade.
Vietnam's VN-Index increased by 0.5%, showing positive market reactions to the new trade deal, with notable rises in U.S. companies operating in Vietnam.
The deal marks Vietnam as one of the few governments to come to terms with the U.S. since the beginning of April, amidst broader trade negotiations.
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