TRUMP SAYS HE WILL PUT 20% TARIFF ON VIETNAM’S EXPORTS – President Trump said Vietnam could import U.S. products with a zero percent tariff
The United States will place a lower-than-promised 20 percent tariff on many Vietnamese exports, Donald Trump announced, cooling tensions with its tenth-biggest trading partner days before the U.S. president could raise levies on most imports.
Vietnamese goods would face a 20 percent tariff and trans-shipments from third countries through Vietnam will face a 40 percent levy, Trump said. Vietnam could import U.S. products with a zero percent tariff, he added.
Trump’s announcement comes just days before a July 9 deadline before he ramps up tariffs on most imports, one of the Republican’s signature economic policies.
Under that plan, announced in April, U.S. importers of Vietnamese goods would have had to pay a 46 percent tariff.
