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This is a remarkable shift from 2017 levels (pre-US China trade war), when China’s exports of machinery and electrical equipment to Vietnam was $26.9bn and accounted for approximately 16.6% of ...
Vietnam's in principle agreement with the US on tariffs could pose a problem for investors from China that were mainly focused on re-exporting fashion and textile goods to the US. Stay ahead with ...
A trade deal President Donald Trump announced with Vietnam calls for a 20% tariff on exports from the Southeast Asian country and a 40% tariff on transshipping.
Vietnam’s government said in a statement late on Wednesday that under the deal the country had promised “preferential market access for US goods, including large-engine cars”.
Vietnam was the retail industry’s backup plan when Trump first imposed duties on China, so some executives are relieved to see a potential deal with 20% levies.
Still, he said the deal with Vietnam might not have been as punitive as the market expected. “The U.S. announced a trade agreement with Vietnam that includes 20% tariffs,” he said.
Vietnam's trade deal with the United States averts the most punishing of Donald Trump's "reciprocal" levies but has provoked new friction between Washington and Beijing.
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