Donald Trump and Vietnam tariffs
After weeks of intense negotiations, President Donald Trump has reached a trade deal with Vietnam ahead of a deadline on 9 July. Recall that Trump had paused his list of reciprocal tariffs for 90 days after declaring his “Liberation Day” list of tariffs on more than 180 countries. A 20% tariff will be imposed on all Vietnamese exports to the US, with the levy rising to 40% on any goods transhipped within the country. In return, Vietnam has agreed to withdraw all levies on US imports. This deal was secured by Trump after discussions with Communist Party chief To Lam. This agreement was just the third to be announced, following agreements made with both the UK and China. The previous reciprocal tariff rate for Vietnam was a high 46%, but was pared down to 10% as Trump entered into negotiations....Welcome to this week’s edition of top stock market highlights.
