Trump announces Vietnam trade deal, 20% tariff on its imports to U.S.
162d ago
Business
CNBC

Former President Donald Trump has announced a new trade deal with Vietnam, but it comes with a significant condition: a 20% tariff on all Vietnamese imports to the United States. This decision could have a substantial impact on Vietnam's economy, as its exports to the U.S. reportedly accounted for 30% of its GDP last year. The tariff is likely to spark concerns about potential economic repercussions for Vietnam and could potentially strain relations between the two countries.