#TrumpTariffs Vietnam Successfully Reduced Trump's Tariff to 20%, How Did It Happen?

Vietnam has become one of the countries that successfully negotiated tariffs with the United States (US). Previously, Vietnam was subjected to a tariff of 46%, but now it has decreased to only 20%.

Vietnam will receive US products at a zero percent tariff. However, any re-shipments from third countries through Vietnam will be subject to a tariff of 40%.

The 40% tariff on transshipments aims to curb the practice of using Vietnam as a backdoor route for goods from other countries, especially China, to enter the United States.

In return, Vietnam agreed to eliminate its own tariffs on US goods, which effectively creates a "zero tariff" situation for US products entering Vietnam. This caused the Vietnamese dong to rise today to 26,125, and its stocks increased by 0.48%.

“Vietnam is a manufacturing hub, and as a hub, you take inputs from other countries and create value-added goods in Vietnam, then export them to other countries,” said Researcher Dr. Nguyen Khac Giang.

The agreement undermines the previous push from ASEAN to unite in facing the tariff regime, making other members of the bloc more vulnerable to direct pressure from the US.

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