WASHINGTON: United States President Donald Trump mentioned on Wednesday (Jul 2) that the US has struck a commerce cope with Vietnam, after months of negotiations, that imposes a 20 per cent tariff price on many imports from the Southeast Asian nation.
The speed is decrease than the preliminary 46 per cent levy Trump introduced in April on items from Vietnam, largely because of its large commerce surplus with Washington.
“It’s my Nice Honour to announce that I’ve simply made a Commerce Take care of the Socialist Republic of Vietnam after talking with To Lam, the Extremely Revered Common Secretary of the Communist Get together of Vietnam,” Trump mentioned on Fact Social.
Trump mentioned that items from Vietnam would face a 20 per cent tariff and that any transshipments from third international locations would face a 40 per cent levy.
Vietnam would additionally present the US with extra market entry, with US exports to the nation going through no tariffs, he mentioned.
“It’s my opinion that the SUV or, as it’s typically referred to, Massive Engine Automobile, which does so nicely within the US, can be an exquisite addition to the varied product traces inside Vietnam,” Trump mentioned.
The White Home and the Vietnamese commerce ministry didn’t instantly reply to a request for remark.
