Vietnam Reacts to Trump’s Tariff Changes and New Penalties
TL;DR Summary
Vietnam was surprised by the US's announcement of a 20% tariff on its exports, higher than the expected 10-15%, and is actively seeking to negotiate a lower rate while balancing relations with China and diversifying its markets amid ongoing trade tensions with the US.
- Vietnam Surprised by Trump Tariff Announcement, Seeks Lower Rate Bloomberg
- Vietnam thought it had a deal on its US tariff rate. Then Trump stepped in. Politico
- Trump Targets ‘Transshipments’ in Trade Negotiations. No One Is Sure What It Means. Barron's
- Vietnam plans new penalties for illegal transshipments after Trump deal, documents show Reuters
- How to strike a trade deal with Donald Trump The Economist
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