President Donald Trump on Wednesday announced that the United States has reached a new trade agreement with Vietnam, outlining key terms that would impose a 20 percent tariff on Vietnamese goods, a 40 percent tariff on transshipped products, and full tariff-free access for American exports to the Vietnamese market.
The deal, unveiled just days before a 90-day suspension of the administration’s reciprocal tariffs was set to expire, appears to formalize elements of Trump’s longstanding push to balance trade relationships by linking tariff rates to trade imbalances.
The Trump administration’s reciprocal tariff policy, initiated earlier this year…
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