The United States and its tenth largest trading partner Vietnam managed to reach the agreement at the end of Wednesday, which would be placed 20% of the taifle on figs Vietnamese exports.
After talking with the top leader of Vietnam, Lam, Trump said, “It is my great honor that I have just done a business with Socialist Republic of Vietnam.”
This announcement decreases a few days before the tariff rate of 46% which is due to effective.
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Vietnam has the third largest trade surplus with the US after China and Mexico, which imports more goods and services from the US’s IT exports.
Hanoi found himself firmly in Crosshair of Trump Administration when the so -called “Mukti Divas” Tarring was announced in early April.
The Vietnamese government said late on Wednesday that under the deal, Hanoi had “promised primary market for American goods including large engine cars”.
The AFP news agency quoted the Asian Business Advisory firm, Sir and Associates -based Dan Martin, “This is a much better result than a flat 46 percent tariff, but I will not refuse yet.”
“Now everything depends on how the US decides to explain and implement the idea of transpiration,” he said.
How can the deal affect China?
Vietnam did not expand about any so -called transmission system, including goods from third countries passing through Vietnam.
Trump’s business advisor Peter Navarro has called Vietnam a “colony of China” and a third Vietnamese products have been rebuilt only by Chinese goods.
Trump said that thesis type of shipment would have to face 40% levy.
China on Thursday warned against any trade deals that “the third party was hurt.”
Foreign Ministry spokesman Mao Ning said, “China has always advocated that all sides solve the difference of economic and trade through equal dialogue and counseling.”
“At the same time, relevant interactions and agreements should not be targeted or damaged by third party interests,” he said.
edited by: Elizabeth Shumakar
