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Breaking News!
U.S. President Trump announced that the United States and Vietnam have reached a trade agreement! Trump said this will lead to extensive cooperation between the two countries.
The terms of the agreement are as follows: goods exported from Vietnam to the U.S. will be subject to a 20% tariff; if there are transshipped goods entering the U.S., a 40% tariff will apply. In exchange, Vietnam has made an unprecedented move—fully opening its market to the U.S. This means that products sold from the U.S. to Vietnam will not be subject to any tariffs! Trump also mentioned that he believes SUVs, which sell extremely well in the U.S., will also shine in the Vietnamese market and become a “potential stock” among various automotive products in Vietnam. What changes will this agreement bring to the economies of both countries? Come and take a look!
