Reported about 1 month ago
The US and Vietnam are nearing a trade framework agreement, responding to ongoing tariff issues and concerns about Chinese goods being rerouted through Vietnam. While the specifics are still under negotiation, Vietnam seeks to establish tariffs between 20% and 25%, and comply with US demands for stricter enforcement against Chinese product transshipment. This agreement is critical for both countries as Vietnam plays a vital role in American supply chains, particularly for consumer goods. The talks reflect the complexities of navigating trade dynamics while addressing trade deficits and strategic interests.
Source: YAHOO