By Admin 
Us-vietnam trade deal: The trade agreement has been reached between the US and Vietnam. After this, now 20 percent tariffs will be imposed on the goods being exported to the South-East Asian country of America. In this agreement, it was also decided that zero tariffs will be imposed on goods to be exported from America in Vietnam.
American goods will be attached to zero tariff
Trump announced this on Truth social and said that with this agreement, America will get tariff-free access in the markets of Vietnam. Vietnam has also agreed that 40 percent tariffs will be imposed in terms of trans-appearance from another country. That is, if the goods sent from another country come to Vietnam for final shipment in America, then 40 percent tariff will be imposed on it.
Vietnam was on 46 percent recipes on Tariff
Let me tell you that earlier in April, Trump had imposed 46 percent tariff on Vietnam under reciperook tariff. Then on April 9, giving relief from heavy tariffs to many other countries including Vietnam, reduced the tariff rate for 90 days and put a baseline tariff of 10 percent. Now this deadline of relief for 90 days is ending on 9 July.
Vietnam’s demand from America
Vietnam wants America to recognize him as a market economy so that products made in Vietnam will become more competitive in American markets. This will increase exports and will boost the economic development of the country. This will also invest more in Vietnam and this will give a boost to the supply chain. Not only this, if America recognizes Vietnam as a market economy, then the anti-dumping charges on Vietnam’s products will also decrease.
How much is there business in both countries?
Quoting the census bureau data, Reuters said in their report that Vietnam’s exports to the US in 2018 were $ 50 billion, which increased three times in 2024 to about $ 137 billion. At the same time, there has been an increase of only 30 percent in exports from America to Vietnam.
Eyes on India
Trump has recently indicated a trade deal with India as well. Recently, the US President while talking to reporters said, “Our agreement with India is going to be done. If this happens, the deal will be on very little tariff. ”This will make it easier for both countries to trade.
Also read:
Jock to Apple! FoxConn sent back Chinese engineers from India, iPhone 17 plan in balance