U.S.-Vietnam Trade Deal Signals Shifts in Global Tariff Strategies
Originally Published 6 months ago — by CNBC
The U.S.-Vietnam trade agreement, which reduces tariffs to 20% from 46%, highlights ongoing trade tensions and suggests that tariffs may increase for other countries, especially in emerging markets like Thailand and Malaysia, while complicating negotiations with the EU. The deal also introduces a 40% duty on transshipped goods, reflecting concerns over trade practices like transshipping, and indicates a potential wave of similar agreements in the near future.