#MemecoinSentiment
VIETNAM'S TRADE DEAL WITH TRUMP CAUSES CONFUSION, NOT QUICK CLARIFICATION
Vietnam rushed to finalize the deal before the July 9th tariff deadline — avoiding a crushing 46% tariff and securing a 20% unified rate… but without a final text, without a clear list of products, and with growing concerns in its export sector worth $123 billion.
🔹 An unclear clause about "transshipments" could trigger 40% tariffs on goods using Chinese materials — a nightmare for the Vietnamese garment industry, which relies on China for 70% of its raw materials.
🔹 Major brands like Adidas and Calvin Klein are in limbo. Some orders have already dropped by 15-20%.
🔹 Prime Minister Pham Minh Chinh is seeking clarity before the resumption on August 1st and urging American companies to seek recognition of Vietnam as a market economy.
The risk? A significant blow to Vietnam's manufacturing advantage and rising inflation in the U.S. from more expensive imports.
Is no deal better than an unclear one? Time will tell.