Trump: Vietnam will pay a 20% tariff on exports to the U.S., fully opening its market to America
According to ChainCatcher, U.S. President Trump stated that the U.S. has reached a trade agreement with Vietnam. Vietnam will pay a 20% tariff to the U.S. on goods entering the country, and a 40% tariff will be imposed on transshipped goods.In return, Vietnam will fully open its market to the U.S., allowing American products to be sold at zero tariffs. Trump believes that SUVs perform well in the U.S. market and will be a great addition to the Vietnamese market.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.