President Trump's new trade agreement with Vietnam introduces up to 20% tariffs on Vietnamese goods, which is expected to lead to higher prices for American consumers and influence future trade negotiations in Asia. While the deal benefits Vietnam, other countries like India, South Korea, and European nations face complex and uncertain negotiations with the US. Meanwhile, the US is delaying enforcement of certain tech laws, balancing trade pressure abroad with restraint at home.
Nike faces potential price hikes due to a new US-Vietnam trade agreement that increases tariffs from 10% to 20%, which may reduce margins for Nike and other apparel companies sourcing from Vietnam, although market expectations for tariffs were slightly higher.
Vietnam is still finalizing the details of a trade deal announced by President Trump, which includes a 20% tariff on Vietnamese exports and a 40% levy on transshipped goods, amidst uncertainties about implementation and enforcement, especially regarding transshipment and tariffs' scope, with China expressing concern over the deal's implications.
